Producer price inflation in Latvia ticked up to 30.2 percent year-on-year in July of 2022, from 30.1 percent in the prior month, as costs accelerated further for electricity, gas, steam and air conditioning supply (98.6 percent vs 87.2 percent in June). Meanwhile, prices slowed down for manufacturing (18.7 percent vs 20.6 percent) and water supply, sewerage, and waste management (20.3 percent vs 23.7 percent). At the same time, inflation was steady for mining & quarrying (at 20.3 percent). On a monthly basis, producer prices rose by 2.3 percent, after increasing 2 percent in the previous month. source: Central Statistical Bureau of Latvia

Producer Prices Change in Latvia averaged 5.26 percent from 2005 until 2022, reaching an all time high of 32.30 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 August of 2022.

Producer Prices Change in Latvia is expected to be 5.40 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
2022-07-21 10:00 AM Jun 30.1% 32.3% 32.4%
2022-08-19 10:00 AM Jul 30.2% 30.1% 31%
2022-09-21 10:00 AM Aug 30.2%


Related Last Previous Unit Reference
Inflation Rate 21.50 19.30 percent Jul 2022
Inflation Rate MoM 2.20 2.40 percent Jul 2022
Consumer Price Index CPI 136.40 133.50 points Jul 2022
GDP Deflator 1.29 1.20 percent Mar 2022
Producer Prices 156.80 153.40 points Jul 2022
Producer Prices Change 30.20 30.10 percent Jul 2022
Export Prices 142.20 138.40 points May 2022
Import Prices 122.30 120.70 points May 2022
CPI Transportation 142.50 144.80 points Jul 2022
CPI Housing Utilities 163.80 148.10 points Jul 2022
Food Inflation 22.10 18.20 percent Jun 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
30.20 30.10 32.30 -9.30 2005 - 2022 percent Monthly
2015=100, NSA

News Stream
Latvia Producer Inflation Edges Higher
Producer price inflation in Latvia ticked up to 30.2 percent year-on-year in July of 2022, from 30.1 percent in the prior month, as costs accelerated further for electricity, gas, steam and air conditioning supply (98.6 percent vs 87.2 percent in June). Meanwhile, prices slowed down for manufacturing (18.7 percent vs 20.6 percent) and water supply, sewerage, and waste management (20.3 percent vs 23.7 percent). At the same time, inflation was steady for mining & quarrying (at 20.3 percent). On a monthly basis, producer prices rose by 2.3 percent, after increasing 2 percent in the previous month.
2022-08-19
Latvia Producer Inflation Eases from Record High
Producer price inflation in Latvia slowed to 30.1 percent year-on-year in June of 2022, from a record upwardly revised record 32.3 percent in the previous month. Prices increased at a softer pace for manufacturing (20.6 percent vs 24.3 percent in May); mining & quarrying (20.3 percent vs 20.8 percent); and water supply, sewerage, and waste management (23.7 percent vs 26.5 percent). Meanwhile, costs climbed further for electricity, gas, steam and air conditioning supply (87.2 percent vs 80.7 percent). On a monthly basis, producer prices went up by 2 percent, easing sharply from an upwardly revised 4.5 percent jump in the previous month.
2022-07-21
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