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.