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 June 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.