FX.co ★ Latvia Producer Prices Ease in March

In March 2025, Latvia experienced a moderation in producer prices, which rose by 2.1% year-on-year, a decrease from the almost two-year peak of a revised 3.7% increase in February. This deceleration was evident in the manufacturing sector, where prices rose by 1.2%, down from 1.6% the previous month, and in the electricity, gas, steam, and air-conditioning supply sector, which saw prices increase by 2.8% compared to 10.1% in February. Conversely, there was an acceleration in costs for mining and quarrying, with prices rising by 7.8% from 6.3%, and in the water supply, sewerage, waste management, and remediation activities sector, which saw a rise to 10.4% from 8.3%. On a monthly basis, producer prices fell by 1.9% in March 2025, following a revised 3.3% increase in February, marking the first instance of producer price deflation since September 2024.