Producer Prices in Latvia

Latvia Producer Prices | Economic News & Forecasts

Latvia - Producer Prices

Inflation moderates in June

Consumer prices rose 0.4% from the previous month in June, up from May’s 0.2% increase. According to a breakdown of the sub-components provided by Latvia’s Central Statistical Bureau, 8 of the total 12 saw a rise in prices led by miscellaneous goods and services, and alcohol and tobacco, which more than offset lower prices for clothing and footwear. Notably, food prices remained unchanged from the previous month in June.

Inflation moderated from 3.3% in May to 3.0% in June. Meanwhile, annual average inflation remained stable at May’s near seven-year high of 3.0% in June. Lastly, harmonized inflation fell from an over seven-year high of 3.5% in May to 3.1% in June.

FocusEconomics panelists see harmonized inflation averaging 2.7% in 2019, unchanged from the previous month’s forecast, and 2.4% in 2020.

Latvia - Producer Prices Data

2013  2014  2015  2016  2017  
Inflation (PPI, annual variation in %)1.5  0.4  -0.9  -2.4  2.6  

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Latvia Facts

Bond Yield0.550.0 %Jun 30
Exchange Rate1.130.65 %Jul 11
Stock Market1,0240.17 %Jul 11

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