Statement:
In Bosnia and Herzegovina the cost of living is lower than in Latvia

In the Cost of Living rating Bosnia and Herzegovina holds position #73 ²⁰¹² out of 90 and Latvia is #45 out of 90 ²⁰¹².
Position of Bosnia and Herzegovina is better than position of Latvia.
Both countries holds average positions in the "Cost of Living" rating. So Cost of Living Index is an average for both Bosnia and Herzegovina and Latvia, compared to most countries of the World.

Referencies:

1. Cost of Living ²⁰²² by Numbeo

   The countries in the rating sorted by 'Cost of Living Index' in descending order.

   Latvia

   'Cost of Living Index' value is

   45.21

2. Cost of Living ²⁰²¹ by Numbeo

   The countries in the rating sorted by 'Cost of Living Index' in descending order.

   Bosnia and Herzegovina	'Cost of Living Index' value is	36.95
   Latvia	'Cost of Living Index' value is	50.41

3. Cost of Living ²⁰²⁰ by Numbeo

   The countries in the rating sorted by 'Cost of Living Index' in descending order.

   Bosnia and Herzegovina	'Cost of Living Index' value is	36.57
   Latvia	'Cost of Living Index' value is	49.18

4. Cost of Living ²⁰¹⁹ by Numbeo

   The countries in the rating sorted by 'Cost of Living Index' in descending order.

   Bosnia and Herzegovina	'Cost of Living Index' value is	36.19
   Latvia	'Cost of Living Index' value is	49.55

5. Cost of Living ²⁰¹⁸ by Numbeo

   The countries in the rating sorted by 'Cost of Living Index' in descending order.

   Bosnia and Herzegovina	'Cost of Living Index' value is	36.04
   Latvia	'Cost of Living Index' value is	49.37

6. Cost of Living ²⁰¹⁷ by Numbeo

   The countries in the rating sorted by 'Cost of Living Index' in descending order.

   Bosnia and Herzegovina	'Cost of Living Index' value is	38.69
   Latvia	'Cost of Living Index' value is	51.81

7. Cost of Living ²⁰¹⁶ by Numbeo

   The countries in the rating sorted by 'Cost of Living Index' in descending order.

   Bosnia and Herzegovina	'Cost of Living Index' value is	35.13
   Latvia	'Cost of Living Index' value is	47.98

8. Cost of Living ²⁰¹⁵ by Numbeo

   The countries in the rating sorted by 'Cost of Living Index' in descending order.

   Bosnia and Herzegovina	'Cost of Living Index' value is	36.24
   Latvia	'Cost of Living Index' value is	48.71

9. Cost of Living ²⁰¹⁴ by Numbeo

   The countries in the rating sorted by 'Cost of Living Index' in descending order.

   Bosnia and Herzegovina	'Cost of Living Index' value is	48.97
   Latvia	'Cost of Living Index' value is	64.10

10. Cost of Living ²⁰¹³ by Numbeo

    The countries in the rating sorted by 'Cost of Living Index' in descending order.

    Bosnia and Herzegovina	'Cost of Living Index' value is	53.40
    Latvia	'Cost of Living Index' value is	67.96

11. Cost of Living ²⁰¹² by Numbeo

    The countries in the rating sorted by 'Cost of Living Index' in descending order.

    Bosnia and Herzegovina	'Cost of Living Index' value is	50.75
    Latvia	'Cost of Living Index' value is	67.76