Latvia Producer Prices at 4-Month High

Producer prices in Latvia rose 1.8% year-on-year in May 2026, accelerating from a revised 0.7% increase in the previous month and reaching the highest level since January. Price growth strengthened in manufacturing (1.1% vs 0.7% in April), driven by chemicals and chemical products (6% vs 3.5%), basic metals (6% vs 5.6%), and other non-metallic mineral products (6.1% vs 4.1%). At the same time, costs rebounded in electricity, gas, steam and air conditioning supply (1.7% vs -2.7%), while costs continued to rise for water supply, sewerage, waste management, and remediation activities (7.9% vs 7.5%). Meanwhile inflation in mining and quarrying eased (12.2% vs 15.5%). On a monthly basis, producer prices edged up 0.9% in May from a 0.5% increase in April and marking the strongest gain since January.

Producer prices in Latvia rose 0.9% year-on-year in April 2026, recovering from a downwardly revised 0.1% decline in the previous month. Costs increased in manufacturing (0.7% vs. 0.2% in March), particularly in textiles (5.3% vs. 4.8%), wood products (2% vs. 0.1%), printing and reproduction of recorded media (3.4% vs. 0.6%), and furniture (1.8% vs. 1.2%). Costs also rose in water supply, sewerage, waste management, and remediation activities (7.5% vs. 6.4%). At the same time, deflation eased in electricity, gas, steam, and air conditioning supply (-1.9% vs. -5.2%). Meanwhile, cost growth slowed in mining and quarrying (15.5% vs. 16.2%). On a monthly basis, producer prices rebounded by 0.6% in April after a downwardly revised 2% decline in the previous period.

Producer prices in Latvia rose by 0.8% year-on-year in March 2026, rebounding from a 0.8% drop in the previous month. Costs increased for water supply, sewerage, waste management, and remediation activities (6.4% vs 6.3% in February). At the same time, deflation eased sharply for electricity, gas, steam, and air-conditioning supply (-0.5% vs -8.8%). In contrast, prices decreased for manufacturing (0.2% vs 0.4%), weighed down by slower growth in the manufacture of wearing apparel (1.1% vs 1.5%), wood and wood products (0.1% vs 1.5%), printing and reproduction of recorded media (0.6% vs 5.2%), electrical equipment (0.3% vs 0.5%), and furniture (1.2% vs 1.5%), while costs also decreased for mining and quarrying (16.2% vs 17.6%). On a monthly basis, producer prices declined by 1.2% in March, reversing a 0.4% gain in the preceding period.