The producer price inflation rate in Latvia slowed to 32.3 percent year-on-year in October 2022 from an upwardly revised 33.3 percent in the previous month, as cost rose at a slower pace for electricity, gas, steam and air conditioning supply (106.2 percent vs 127.2 percent in September). Meanwhile, inflation picked up for manufacturing (17.5 percent vs 15.9 percent), mining and quarrying (18.8 percent vs 16.8 percent), and water supply, sewerage, waste management and remediation activities (29.4 percent vs 23.3 percent). On a monthly basis, producer prices rose 0.5 percent in October, reversing a revised 0.5 percent decline in September. source: Central Statistical Bureau of Latvia

Producer Prices Change in Latvia averaged 5.68 percent from 2005 until 2022, reaching an all time high of 37.70 percent in August of 2022 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 December of 2022.

Producer Prices Change in Latvia is expected to be 30.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Latvia Producer Prices Change is projected to trend around 12.00 percent in 2023 and 7.00 percent in 2024, according to our econometric models.

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Latvia Producer Prices Change



Calendar GMT Actual Previous Consensus TEForecast
2022-10-21 10:00 AM Sep 33.1% 37.7% 36.5%
2022-11-22 11:00 AM Oct 32.3% 33.3% 32.4%
2022-12-21 11:00 AM Nov 32.3% 31.2%


Related Last Previous Unit Reference
Inflation Rate 21.80 22.20 percent Oct 2022
Inflation Rate MoM 0.80 1.60 percent Oct 2022
Consumer Price Index CPI 140.20 139.10 points Oct 2022
GDP Deflator 1.32 1.29 percent Jun 2022
Producer Prices 169.40 168.60 points Oct 2022
Producer Prices Change 32.30 33.30 percent Oct 2022
Export Prices 146.60 147.10 points Sep 2022
Import Prices 132.10 130.10 points Sep 2022
Food Inflation 29.50 27.50 percent Oct 2022
CPI Transportation 139.30 135.20 points Oct 2022
CPI Housing Utilities 170.00 173.10 points Oct 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
32.30 33.30 37.70 -9.30 2005 - 2022 percent Monthly
2015=100, NSA

News Stream
Latvia Producer Inflation Eases Further in October
The producer price inflation rate in Latvia slowed to 32.3 percent year-on-year in October 2022 from an upwardly revised 33.3 percent in the previous month, as cost rose at a slower pace for electricity, gas, steam and air conditioning supply (106.2 percent vs 127.2 percent in September). Meanwhile, inflation picked up for manufacturing (17.5 percent vs 15.9 percent), mining and quarrying (18.8 percent vs 16.8 percent), and water supply, sewerage, waste management and remediation activities (29.4 percent vs 23.3 percent). On a monthly basis, producer prices rose 0.5 percent in October, reversing a revised 0.5 percent decline in September.
2022-11-22
Latvia Producer Inflation Eases from Record High
The producer price inflation rate in Latvia slowed to 33.1 percent year-on-year in September 2022 from an upwardly revised 37.7 percent in the previous month, which was the highest on record. Cost rose at a slower pace for manufacturing (15.9 percent vs 17.4 percent in August), electricity, gas, steam and air conditioning supply (126.0 percent vs 158.1 percent), and mining and quarrying (16.8 percent vs 18.1 percent). On the other hand, water supply, sewerage, waste management and remediation activities inflation accelerated to 23.3 percent from 23.2 percent. On a monthly basis, producer prices dropped 0.7 percent in September, following a revised 6.3 percent jump in August, which was also the highest on record.
2022-10-21
Latvia Producer Inflation at Record High
Producer price inflation in Latvia jumped to 35 percent year-on-year in August of 2022, the highest on record and picking up from 30.2 percent in the prior month, as costs continued to accelerate for electricity, gas, steam, and air conditioning supply (138.8 percent vs 98.6 percent in July) amid halted supplies from neighboring Russia. Meanwhile, prices slowed for manufacturing (17.4 percent vs 18.7 percent), mining and quarrying (18.1 percent vs 20.3 percent). On a monthly basis, producer prices rose by 4.1 percent, picking up from the 2.3 percent increase in the prior month.
2022-09-21