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.

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Latvia Producer Prices Change

Actual Previous Highest Lowest Dates Unit Frequency
-2.40 -2.10 17.70 -9.30 2005 - 2020 percent Monthly
2015=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-03-20 11:00 AM Feb -1.9% -1.3% -1.4%
2020-04-23 10:00 AM Mar -1.7% -1.9% -2.2%
2020-05-25 10:00 AM Apr -2.1% -1.7% -2%
2020-06-19 10:00 AM May -2.4% -2.1% -2.4%
2020-07-21 10:00 AM Jun -2.4% -3%
2020-08-21 10:00 AM Jul
2020-09-21 10:00 AM Aug
2020-10-21 10:00 AM Sep -2.5%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Latvia Producer Prices Fall For 8th Month
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.
2020-06-19
Latvia Producer Deflation Deepens in April
Producer prices in Latia fell 2.1 percent year-on-year in April of 2020, following a 1.7 percent drop in the previous month. It was the biggest decline in producer prices since July of 2016, as cost decreased faster for manufacturing (-1.5 percent vs -1.1 percent in March); electricity gas, steam & air conditioning supply (-4.9 percent vs -4.3 percent); water supply, sewerage, waster management and remediation activities (-1.6 percent vs -1.2 percent) and mining & quarrying (-2 percent vs -1 percent). On a monthly basis, producer prices showed no growth, the same as in March.
2020-05-25
Latvia Producer Prices Fall the Most in Over 3 Years
Latvia's producer prices decreased 1.3 percent from a year earlier in January of 2020, following a 1.1 percent rise in the previous month. It was the steepest decline in producer prices since September 2016, led by manufacturing (-1.4 percent vs -1.8 percent in December); electricity, gas, steam & air conditioning supply (-1.2 percent vs 0.7 percent) and water supply, sewerage, waste management & remediation activities (-0.1 percent vs 3.4 percent). Also, cost slowed markedly for mining & quarrying (0.1 percent vs 1 percent). On a monthly basis, producer prices were flat, after decreasing 0.4 percent in the prior month.
2020-02-21
Latvia Producer Prices Fall the Most since 2016
Latvia's producer prices declined 1.1 percent from a year earlier in December of 2019, following a 0.4 percent drop in the previous month. It was the steepest decrease in producer prices since November 2016, led by manufacturing (-1.8 percent vs -1.2 percent in November). Also, cost slowed for electricity, gas, steam and air conditioning supply (0.7 percent vs 2 percent) and mining & quarrying (1 percent vs 1.2 percent). In contrast, prices rose faster for water supply, sewerage, waste management and remediation activities (3.4 percent vs 3.3 percent). On a monthly basis, producer prices went down 0.4 percent, after decreasing 0.1 percent in the previous month.
2020-01-22

Latvia Producer Prices Change
Producer prices change refers to year over year change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period.