Producer Prices in Latvia
Latvia - Producer Prices
Consumer prices fall annually again in November
Consumer prices declined 0.28% over the previous month in November, following October’s flat reading. November’s result mainly reflected lower prices for clothing and footwear, transport, and recreation and culture.
Consumer prices dropped 0.7% year-on-year in November, matching October’s fall. Meanwhile, annual average inflation came in at 0.4%, down from 0.7% in October. Lastly, harmonized consumer prices slid 0.6% year-on-year in November, after declining 0.7% in the prior month.
FocusEconomics panelists see harmonized inflation averaging 1.5% in 2021, which is down 0.1 percentage points from the previous month’s forecast, and 2.2% 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: Consumer prices fall annually again in November
December 8, 2020
Consumer prices declined 0.28% over the previous month in November, following October’s flat reading.
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Latvia: Contraction in GDP softens in Q3 as Covid-19 restrictions ease
November 30, 2020
The economy shrank 2.6% year-on-year in the third quarter, according to detailed national accounts data released on 30 November.
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Latvia: Consumer prices continue to drop annually in October
November 9, 2020
Consumer prices were unchanged over the previous month in October, following September’s 0.09% uptick.
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Latvia: Industrial production contracts again in September
November 3, 2020
Industrial production output dropped 2.8% in year-on-year, calendar-day adjusted terms in September, slightly softer than August’s 2.9% fall.
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Latvia: Economy contracts at softer clip in Q3
October 30, 2020
Economic activity tumbled for the third consecutive quarter in Q3, with GDP falling 3.1% on an annual basis according to preliminary national accounts data released by Latvia’s Statistical Institute on 30 October.
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