Lattice inputs to Flavor Physics

We review recent lattice results for quark masses and low-energy hadronic parameters relevant for flavor physics. We do that by describing the FLAG initiative, with emphasis on its scope and rating criteria. The emerging picture is that while for light quantities a large number of computations using different approaches exist, and this increases the overall confidence on the final averages/estimates, in the heavy-light case the field is less advanced and, with the exception of decay constants, only a few computations are available. The precision reached for the light quantities is such that electromagnetic (EM) corrections, beyond the point-like approximation, are becoming relevant. We discuss recent computations of the spectrum based on direct simulations of QED+QCD. We also present theoretical developments for including EM effects in leptonic decays. We conclude describing recent results for the $K \to \pi \pi$ transition amplitudes and prospects for tackling hadronic decays on the lattice.