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.