Producer prices in Latia fell 2.1 percent year-on-year in April of 2020, following a 1.7 percent drop in the previous month. It was the biggest decline in producer prices since July of 2016, as cost decreased faster for manufacturing (-1.5 percent vs -1.1 percent in March); electricity gas, steam & air conditioning supply (-4.9 percent vs -4.3 percent); water supply, sewerage, waster management and remediation activities (-1.6 percent vs -1.2 percent) and mining & quarrying (-2 percent vs -1 percent). On a monthly basis, producer prices showed no growth, the same as in March.
Producer Prices Change in Latvia averaged 4.15 percent from 2005 until 2020, 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. 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 May of 2020. source: Central Statistical Bureau of Latvia
Producer Prices Change in Latvia is expected to be -3.00 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 1.30 in 12 months time. In the long-term, the Latvia Producer Prices Change is projected to trend around 1.90 percent in 2021 and 2.40 percent in 2022, according to our econometric models.