Producer prices in Latvia climbed 21.2 percent year-on-year in September of 2021 from 18.3 percent in the previous month, a fresh record high rate. Producer inflation was pushed up by both exported goods (21.9 percent vs 20.4 percent in August), and domestically sold goods (20.4 percent vs 15.9 percent). Across different industries, prices advanced for electricity, gas, steam and air conditioning (31 percent vs18.7 percent in August), manufacturing (19.8 percent vs 18.5 percent), and mining & quarrying (13.2 percent vs 8.8 percent), while inflation slightly slowed for water supply, sewerage, and waste management (17.7 percent vs 17.8 percent). On a monthly basis, Producer prices surged 2.8 percent, following a 2.2 percent gain. source: Central Statistical Bureau of Latvia
Producer Prices Change in Latvia averaged 4.16 percent from 2005 until 2021, reaching an all time high of 21.20 percent in September of 2021 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 October of 2021.
Producer Prices Change in Latvia is expected to be 16.30 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 4.30 percent in 2022 and 4.00 percent in 2023, according to our econometric models.