Producer Prices in Latvia
Latvia - Producer Prices
Inflation hits 25-month high in April
Consumer prices rose 0.91% over the previous month in April, quickening from March’s 0.73% increase and marking the fastest rise in over two years. April’s result was largely due to quicker price growth for food and housing.
Inflation rose to 1.7% year-on-year in April, quickening from March’s 0.3% and marking the highest reading in over a year. Meanwhile, the annual average variation of consumer prices came in at minus 0.2%, up slightly from minus 0.3% in the previous month. Lastly, harmonized consumer prices increased 1.7% on an annual basis, after they dropped 0.3% in March.
FocusEconomics panelists see harmonized inflation averaging 1.5% in 2021, which is up 0.2 percentage points from the previous month’s forecast, and 2.1% in 2022.
Latvia - Producer Prices Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Inflation (PPI, annual variation in %) | -1.0 | -2.3 | 2.6 | 4.5 | 1.9 |
Latvia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.55 | 0.0 % | Jun 30 |
| Exchange Rate | 1.12 | 0.65 % | Dec 31 |
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Economic News
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Latvia: Contraction in GDP softens again in Q1
May 31, 2021
The economy shrank 1.3% year-on-year in the first quarter of 2021, according to detailed national accounts data released on 31 May.
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Latvia: Inflation hits 25-month high in April
May 10, 2021
Consumer prices rose 0.91% over the previous month in April, quickening from March’s 0.73% increase and marking the fastest rise in over two years.
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Latvia: Industrial production gains momentum in March
May 5, 2021
Industrial production rose 4.7% in year-on-year, calendar-adjusted terms in March, firmly above the 2.7% increase logged in February. March’s higher reading was driven by faster output growth in the manufacturing sector, as well as activity in the mining and quarrying sector rebounding solidly.
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Latvia: GDP drops at a quicker pace in Q1
April 29, 2021
GDP fell 2.2% on an annual basis in the first quarter of 2021, according to a preliminary release.
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Latvia: Inflation returns in March after seven months of falling prices
April 9, 2021
Consumer prices rose 0.73% over the previous month in March, quickening from February’s 0.46% increase.
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