The annual producer inflation in Latvia eased further to a near two-year low of 11.3% in April 2023, from a downwardly revised 15.8% in the previous month. Costs slowed down mostly for manufacturing (3.4% vs 9.7% in March) and mining & quarrying (17.6% vs 21.4%), and, to a lesser extent, for water supply, sewerage, waste management and remediation activities (14% vs 14.1%). Conversely, costs climbed further for electricity, gas, steam and air conditioning supply (41% vs 35.8%). On a monthly basis, producer prices decreased by 1.4% in April, the same pace as in the prior month. source: Central Statistical Bureau of Latvia

Producer Prices Change in Latvia averaged 5.63 percent from 2001 until 2023, 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 June of 2023.

Producer Prices Change in Latvia is expected to be 11.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Latvia Producer Prices Change



Calendar GMT Actual Previous Consensus TEForecast
2023-04-25 10:00 AM Mar 16.2% 21.9% 20.7% 20.7%
2023-05-23 10:00 AM Apr 11.3% 15.8% 14.3%
2023-06-21 10:00 AM May 11.3%


Related Last Previous Unit Reference
Inflation Rate 12.10 15.10 percent May 2023
Inflation Rate MoM 1.20 0.30 percent May 2023
Consumer Price Index CPI 146.10 144.30 points May 2023
GDP Deflator 1.41 1.41 percent Mar 2023
Producer Prices 159.10 161.50 points Apr 2023
Producer Prices Change 11.30 15.80 percent Apr 2023
Export Prices 136.20 137.80 points Mar 2023
Import Prices 116.00 118.20 points Mar 2023
Food Inflation 17.90 20.20 percent May 2023
CPI Transportation 127.80 130.80 points May 2023
CPI Housing Utilities 177.20 166.40 points May 2023

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
11.30 15.80 37.70 -9.30 2001 - 2023 percent Monthly
2015=100, NSA

News Stream
Latvia Producer Inflation at Near 2-Year Low
The annual producer inflation in Latvia eased further to a near two-year low of 11.3% in April 2023, from a downwardly revised 15.8% in the previous month. Costs slowed down mostly for manufacturing (3.4% vs 9.7% in March) and mining & quarrying (17.6% vs 21.4%), and, to a lesser extent, for water supply, sewerage, waste management and remediation activities (14% vs 14.1%). Conversely, costs climbed further for electricity, gas, steam and air conditioning supply (41% vs 35.8%). On a monthly basis, producer prices decreased by 1.4% in April, the same pace as in the prior month.
2023-05-23
Latvia Producer Inflation at 20-Month Low
The annual producer inflation in Latvia eased to 16.2% in March 2023, less than market expectations of 20.7% and from a downwardly revised 21.9% in the previous month. It was the softest increase since July 2021, as prices slowed for manufacturing (9.8% vs 12.6% in February), electricity, gas, steam & air conditioning supply (38% vs 60.7%) and water supply, sewerage, waste management and remediation activities (14.1% vs 17.2%). Meanwhile, producer inflation was unchanged for mining & quarrying at 21.4%. On a monthly basis, producer prices decreased 1.1%, following an upwardly revised 0.8% fall in February.
2023-04-25
Latvia Producer Inflation Lowest since September 2021
Producer prices in Latvia rose 22 percent year-on-year in February 2023, easing from a downwardly revised 22.4 percent advance in the previous month. It was the lowest producer inflation since September 2021, as cost slowed for manufacturing (12.7 percent vs 14.7 percent in January). Still, prices advanced faster for electricity gas, steam & air conditioning supply (60.4 percent vs 52.6 percent); water supply, sewerage, waste management and remediation activities (17.2 percent vs 16.6 percent) and mining and quarrying (21.4 percent vs 19.2 percent). On a monthly basis, producer prices went down 0.7 percent, following a 3.1 percent fall in January.
2023-03-21