Producer prices in Latvia edged up 0.7 percent year-on-year in January of 2021, rebounding from a 0.3 percent decline in the previous month. It was the first month of producer inflation since September of 2019, led by a jump in prices of water supply, sewerage, waste management & remediation activities (6 percent vs 1.7 percent in December), followed by manufacturing (1.5 percent vs 1 percent). Meanwhile costs fell at a softer pace in electricity, gas, steam & air conditioning supply (-4 percent vs -6.7 percent) and mining & quarrying (-0.8 percent vs -1 percent). On a monthly basis, producer prices rose 1 percent, after a 0.2 percent increase in the previous month. source: Central Statistical Bureau of Latvia
Producer Prices Change in Latvia averaged 3.88 percent from 2005 until 2021, 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 March of 2021.
Producer Prices Change in Latvia is expected to be 0.70 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 1.90 in 12 months time. In the long-term, the Latvia Producer Prices Change is projected to trend around 1.90 percent in 2022 and 2.40 percent in 2023, according to our econometric models.