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.

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Latvia Producer Prices Change

Actual Previous Highest Lowest Dates Unit Frequency
-0.40 -0.20 17.70 -9.30 2005 - 2019 percent Monthly
2010=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-09-20 10:00 AM Aug 0.4% 1.5% 0.8%
2019-10-21 10:00 AM Sep 0.5% 0.4% 0.9%
2019-11-22 11:00 AM Oct -0.2% 0.5% 0.3%
2019-12-20 11:00 AM Nov -0.4% -0.2% 0.4%
2020-01-22 11:00 AM Dec -0.4% -0.5%


News Stream
2019-11-22
Latvia Producer Prices Fall in October
Latvia's producer prices decreased by 0.2 percent year-on-year in October of 2019 compared to a 0.5 percent increase in September. It marked the first fall in producer prices since December of 2016, as manufacturing cost dropped further (-0.9 percent vs -0.1 percent in September) while prices slowed for electricity, gas, steam & air conditioning supply (2.2 percent vs 2.4 percent) and water supply, sewerage, waste management & remediation activities (2.7 percent vs 4.2 percent). On the other hand, mining & quarrying cost advanced faster (1.2 percent vs 1.0 percent). On a monthly basis, producer prices edged down 0.6 percent, following a 0.3 percent drop in the prior month.

2019-10-21
Latvia Producer Inflation Edges Up to 0.5%
Producer prices in Latvia increased 0.5 percent year-on-year in September of 2019, following a 0.4 percent rise in the previous month. Prices advanced faster for mining & quarrying (1.0 percent vs 0.9 percent in August) and water supply, sewerage, waste management & remediation activities (4.2 percent vs 4.0 percent) while manufacturing cost declined at a softer pace (-0.1 percent vs -0.4 percent). On the other hand, electricity, gas, steam & air conditioning supply prices rose less (2.4 percent vs 3.4 percent). On a monthly basis, producer prices edged down 0.3 percent, following a 0.1 percent drop in the prior month.

2019-09-20
Latvia Producer Inflation at 2-1/2-Year Low
Producer prices in Latvia increased 0.4 percent year-on-year in August of 2019, easing from a 1.5 percent rise in the previous month. It was the lowest producer inflation since January of 2017, as cost slowed for electricity, gas, steam & air conditioning supply (3.4 percent vs 7.2 percent in July); water supply, sewerage, waste management & remediation activities (4 percent vs 4.1 percent) and mining & quarrying (0.9 percent vs 1.6 percent). Also, manufacturing prices fell 0.4 percent, down from a 0.1 percent gain in July. On a monthly basis, producer prices edged down 0.1 percent, following a 0.2 percent drop in the prior month.

2019-08-21
Latvia Producer Inflation Slows to Over 2-Year Low of 1.5%
Producer prices in Latvia increased 1.5 percent year-on-year in July of 2019, easing from a 2.5 percent rise in the previous month. It was the lowest producer inflation since February of 2017, as cost slowed for manufacturing (0.1 percent from 0.7 percent in June); electricity, gas, steam & air conditioning supply (7.2 percent from 9.4 percent); water supply, sewerage, waste management & remediation activities (4.1 percent from 9.9 percent) and mining & quarrying (1.6 percent from 2.2 percent). On a monthly basis, producer prices decreased 0.2 percent, down from a 0.4 percent gain in June.

2019-07-19
Latvia Producer Inflation Slows to Near 2-Year Low
Producer prices in Latvia increased 2.5 percent year-on-year in June of 2019, easing from a 3.1 percent rise in the previous month. It was the lowest producer inflation since April of 2017, as cost slowed for manufacturing (0.7 percent from 1.7 percent in May), mining & quarrying (2.2 percent from 3.5 percent) and water supply, sewerage, waste management and remediation activities (9.9 percent from 10.8 percent). On the other hand, prices advanced further for electricity, gas, steam and air conditioning supply (9.4 percent from 7.9 percent). On a monthly basis, producer prices went up 0.4 percent, up from a 0.6 percent fall in May.

2019-06-21
Latvia Producer Inflation Slows to 17-Month Low of 3.1%
Producer prices in Latvia increased 3.1 percent year-on-year in May of 2019, easing from a 3.8 percent rise in the previous month. It was the lowest producer inflation since December of 2017, as cost slowed for manufacturing (1.7 percent from 2.6 percent in April); electricity, gas, steam and air conditioning supply (7.9 percent from 8 percent) and water supply, sewerage, waste management and remediation activities (10.8 percent from 11.5 percent). On the other hand, prices advanced faster for mining and quarrying (3.5 percent from 3.4 percent). On a monthly basis, producer prices decreased 0.6 percent, down from a 0.4 percent gain in April.


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.

Latvia Prices Last Previous Highest Lowest Unit
Inflation Rate 2.30 2.10 17.70 -4.30 percent [+]
Inflation Rate Mom -0.20 -0.30 3.50 -1.10 percent [+]
Consumer Price Index CPI 108.80 109.10 109.70 22.60 points [+]
Harmonised Consumer Prices 108.48 108.68 109.85 44.44 points [+]
Core Consumer Prices 107.05 107.59 108.50 50.26 points [+]
Core Inflation Rate 1.70 2.00 14.30 -5.20 percent [+]
GDP Deflator 1.12 1.26 1.27 0.42 percent [+]
Producer Prices 119.40 119.50 121.10 69.10 points [+]
Producer Prices Change -0.40 -0.20 17.70 -9.30 percent [+]
Export Prices 103.80 103.90 107.90 43.70 points [+]
Import Prices 97.00 96.90 104.30 52.40 points [+]
Food Inflation 2.40 2.50 21.60 -7.80 percent [+]
CPI Housing Utilities 108.10 108.50 108.60 35.10 points [+]
CPI Transportation 106.70 105.20 111.60 55.30 points [+]