Producer prices in Latvia accelerated 12.4 percent year-on-year in June of 2021, following a 8.3 percent increase in the previous month. It was the highest jump in producer prices since September of 2008, as prices advanced at a faster pace both for exports (15.0 percent vs 10.0 percent in May) and domestically sold products (9.4 percent vs 9.3 percent). Across industry sectors, producer inflation rose faster in all categories: manufacturing (13.6 percent vs 9.3 percent); water supply (17.8 percent vs 14.9 percent); electricity, gas, steam & air conditioning supply (6.1 percent vs 1.9 percent); and mining & quarrying (5.9 percent vs 3.6 percent). On a monthly basis, producer prices grew 3.8 percent, after a 2.1 percent vs gain in May. source: Central Statistical Bureau of Latvia
Producer Prices Change in Latvia averaged 3.94 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 July of 2021.
Producer Prices Change in Latvia is expected to be 13.20 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 4.90 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.