Producer prices in Latvia declined 2.4 percent year-on-year in May of 2020, following a 2.1 percent fall in the prior month. It was the eighth straight month of decreases in output prices and at the steepest pace since July of 2016. Downward pressure came from costs of electricity gas, steam &aamp; air conditioning supply (-6.7 percent vs -4.9 percent); water supply, sewerage, waster management & remediation activities (-2.3 percent vs -1.6 percent); mining & quarrying (-1.6 percent vs -2 percent) and manufacturing (-1.5 percent, the same pace as in April). On a monthly basis, producer prices went down 0.8 percent, after being flat in the previous month.
Producer Prices Change in Latvia averaged 4.12 percent from 2005 until 2020, reaching an all time high of 17.70 percent in April of 2007 and a record low of -9.30 percent in August of 2009. This page provides - Latvia Producer Prices Change - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Central Statistical Bureau of Latvia
Producer Prices Change in Latvia is expected to be -2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Latvia to stand at 1.50 in 12 months time. In the long-term, the Latvia Producer Prices Change is projected to trend around 1.90 percent in 2021 and 2.40 percent in 2022, according to our econometric models.