Latvia's producer prices fell 0.4 percent year-on-year in November of 2019, following a 0.2 percent drop in the previous month, as manufacturing cost continued to decline (-1.2 percent vs -0.9 percent in October). In addition, electricity, gas, steam and air conditioning supply prices slowed (2.0 percent vs 2.2 percent). On the other hand, water supply, sewerage, waste management and remediation activities cost advanced faster (3.3 percent vs 2.7 percent) while inflation was steady for mining & quarrying (at 1.2 percent). On a monthly basis, producer prices went down 0.1 percent, following a 0.6 percent decrease in October. Producer Prices Change in Latvia averaged 4.32 percent from 2005 until 2019, reaching an all time high of 17.70 percent in April of 2007 and a record low of -9.30 percent in August of 2009. source: Central Statistical Bureau of Latvia
Producer Prices Change in Latvia is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Latvia to stand at 2.20 in 12 months time. In the long-term, the Latvia Producer Prices Change is projected to trend around 2.40 percent in 2020, according to our econometric models.