Producer price inflation in Latvia continued to climb to 31.5 percent from a year earlier in May of 2022, the highest on record and picking up from a downwardly revised 29.3 percent rise in the prior month. Prices accelerated for electricity, gas, steam and air conditioning (75.1 percent vs 63.9 percent in April); manufacturing (24.3 percent vs 23.2 percent) and mining (20.8 percent vs 19.7 percent). Meanwhile, costs slowed for water supply, sewerage, and waste management (26.5 percent vs 30.1 percent). On a monthly basis, producer prices inched up by 3.9 percent, after a downwardly revised 2.6 percent increase in the previous month. source: Central Statistical Bureau of Latvia

Producer Prices Change in Latvia averaged 5.02 percent from 2005 until 2022, reaching an all time high of 31.50 percent in May 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 July of 2022.

Producer Prices Change in Latvia is expected to be 9.10 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 4.00 percent in 2023, according to our econometric models.

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Latvia Producer Prices Change



Calendar GMT Actual Previous Consensus TEForecast
2022-05-23 10:00 AM Apr 29.9% 28% 27.8%
2022-06-21 10:00 AM May 31.5% 29.3% 31.9%
2022-07-21 10:00 AM Jun 31.5%


Related Last Previous Unit Reference
Inflation Rate 16.90 13.00 percent May 2022
Inflation Rate Mom 4.00 2.20 percent May 2022
Consumer Price Index CPI 130.30 125.40 points May 2022
GDP Deflator 1.29 1.20 percent Mar 2022
Producer Prices 148.50 143.00 points May 2022
Producer Prices Change 31.50 29.30 percent May 2022
Export Prices 138.40 133.20 points Apr 2022
Import Prices 120.70 118.20 points Apr 2022
Food Inflation 18.20 17.40 percent May 2022
CPI Transportation 138.50 134.70 points May 2022
CPI Housing Utilities 142.00 122.50 points May 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
31.50 29.30 31.50 -9.30 2005 - 2022 percent Monthly
2015=100, NSA

News Stream
Latvia Producer Inflation Hits New High
Producer price inflation in Latvia continued to climb to 31.5 percent from a year earlier in May of 2022, the highest on record and picking up from a downwardly revised 29.3 percent rise in the prior month. Prices accelerated for electricity, gas, steam and air conditioning (75.1 percent vs 63.9 percent in April); manufacturing (24.3 percent vs 23.2 percent) and mining (20.8 percent vs 19.7 percent). Meanwhile, costs slowed for water supply, sewerage, and waste management (26.5 percent vs 30.1 percent). On a monthly basis, producer prices inched up by 3.9 percent, after a downwardly revised 2.6 percent increase in the previous month.
2022-06-21
Latvia Producer Inflation at Fresh Record
Producer price inflation in Latvia rose to 29.9 percent year-on-year in April of 2022, the highest on record and picking up from an upwardly revised 28 percent rise in the previous month. The most significant impact came from prices of mining and quarrying (19.7 percent vs 16.2 percent in March) and manufacturing (23.2 percent vs 19.7 percent); particularly wood, wood products and cork (except furniture); food products; and fabricated metal products (except machinery and equipment). On the other hand, prices eased for electricity, gas, steam and air conditioning supply (69.2 percent vs 75.2 percent); and water supply, sewerage, and waste management (30.1 percent vs 31.9 percent). On a monthly basis, producer prices went up 3.1 percent, slowing from a 3.8 percent rise in March.
2022-05-23
Latvia Producer Inflation at Record High
Producer price inflation in Latvia rose to 27.2 percent year-on-year in March of 2022, the highest on record and picking up from a downwardly revised 25.1 percent in the previous month. Higher costs were most pronounced for electricity, gas, steam, and air conditioning supply (69.6 percent vs 56.6 percent in February), and manufacturing (19.7 percent vs 19.2 percent), largely due to higher costs for wood and food products. Producer prices also increased for mining and quarrying (16.2 percent vs 15.9 percent) and water supply, sewerage, and waste management (31.9 percent vs 29.4 percent). On a monthly basis, producer prices jumped 3 percent, compared to the 0.4 percent decrease in the previous period.
2022-04-25