Producer prices in Latvia rose by 3.4 percent year-on-year in March of 2021, the highest annual producer inflation since May of 2019, after a 2.1 percent increase in the previous month. Main upward pressure came from prices of exported products (5.5 percent vs 3.3 percent in February) while cost on the domestic market also increased (1.2 percent vs 0.7 percent). Among industries, biggest increases were seen for water supply (7.8 percent vs 6.4 percent), manufacturing (4.4 percent vs 2.8 percent) and mining and quarrying (1.4 percent vs 0.3 percent). The only cost decrease was seen in utilities (-2.2 percent vs -2 percent). On a monthly basis, producer prices rose 1.4 percent, after a 1.2 percent increase in February. source: Central Statistical Bureau of Latvia

Producer Prices Change in Latvia averaged 3.87 percent from 2005 until 2021, 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 May of 2021.

Producer Prices Change in Latvia is expected to be 5.20 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 5.30 in 12 months time. In the long-term, the Latvia Producer Prices Change is projected to trend around 4.10 percent in 2022 and 3.50 percent in 2023, according to our econometric models.

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Latvia Producer Prices Change

Actual Previous Highest Lowest Dates Unit Frequency
3.40 2.10 17.70 -9.30 2005 - 2021 percent Monthly
2015=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-01-22 11:00 AM Dec -0.3% -0.9% -0.7%
2021-02-19 11:00 AM Jan 0.7% -0.3% -0.4%
2021-03-19 11:00 AM Feb 2.1% 0.7% 1%
2021-04-23 10:00 AM Mar 3.4% 2.1% 2.6%
2021-05-24 10:00 AM Apr 3.4% 4.1%
2021-06-21 10:00 AM May 4.3%
2021-07-21 10:00 AM Jun
2021-08-20 10:00 AM Jul


News Stream
Latvia Producer Inflation at 2-Year High
Producer prices in Latvia rose by 3.4 percent year-on-year in March of 2021, the highest annual producer inflation since May of 2019, after a 2.1 percent increase in the previous month. Main upward pressure came from prices of exported products (5.5 percent vs 3.3 percent in February) while cost on the domestic market also increased (1.2 percent vs 0.7 percent). Among industries, biggest increases were seen for water supply (7.8 percent vs 6.4 percent), manufacturing (4.4 percent vs 2.8 percent) and mining and quarrying (1.4 percent vs 0.3 percent). The only cost decrease was seen in utilities (-2.2 percent vs -2 percent). On a monthly basis, producer prices rose 1.4 percent, after a 1.2 percent increase in February.
2021-04-23
Latvia Producer Inflation at 20-Month High
Producer prices in Latvia rose by 2.1 percent year-on-year in February of 2021, the highest annual producer inflation since June of 2019, after a 0.7 percent increase in the previous month. Main upward pressure came from prices of manufacturing (2.8 percent vs 1.5 percent in January), followed by water supply, sewerage, waste management & remediation activities (6.4 percent vs 6 percent) and by mining and quarrying (0.3 percent vs -0.8 percent). The only cost decrease was seen in electricity, gas, steam & air conditioning supply (-2.0 percent vs -4.0 percent). On a monthly basis, producer prices rose 1.2 percent, after a 1 percent increase in January.
2021-03-19
Latvia Producer Prices Rebound
Producer prices in Latvia edged up 0.7 percent year-on-year in January of 2021, rebounding from a 0.3 percent decline in the previous month. It was the first month of producer inflation since September of 2019, led by a jump in prices of water supply, sewerage, waste management & remediation activities (6 percent vs 1.7 percent in December), followed by manufacturing (1.5 percent vs 1 percent). Meanwhile costs fell at a softer pace in electricity, gas, steam & air conditioning supply (-4 percent vs -6.7 percent) and mining & quarrying (-0.8 percent vs -1 percent). On a monthly basis, producer prices rose 1 percent, after a 0.2 percent increase in the previous month.
2021-02-19
Latvia Producer Prices Fall the Least in 5 Months
Producer prices in Latvia decreased 2.1 percent year-on-year in September of 2020, easing from a 2.7 percent drop in the previous month. It was the tenth consecutive month of producer deflation but the softest since April. Cost dropped at a softer pace for manufacturing (-0.7 percent vs -0.8 percent in August) and electricity, gas, steam & air conditioning supply (-8.3 percent vs -12.1 percent). In addition, prices of water supply, sewerage, waste management & remediation activities showed no growth, compared to a 0.4 percent decline in August. On the other hand, cost dropped further for mining & quarrying (-3.3 percent vs -2.3 percent). On a monthly basis, producer prices went up 0.3 percent, after being flat in the previous month.
2020-10-21

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.