FX.co ★ Latvia Producer Inflation at 8-Month High

Producer prices in Latvia rose by 1.7% year-on-year in October 2025, a marked increase from the 1.4% rise recorded in September. This represents the highest growth rate since February, mainly driven by significant cost increases in the mining and quarrying sectors, which surged to 17.9% from 13.9% the previous month. Additionally, there was a notable recovery in the electricity, gas, steam, and air-conditioning supply, which shifted to a 0.7% rise from a decline of 3.6% last month. Conversely, manufacturing experienced a deceleration in price growth, easing to 1.4% from 1.9%, as did the water supply, sewerage, waste management, and remediation activities, which slowed to 4.3% from 6.2%. On a month-to-month basis, producer prices climbed by 0.8% in October, following a modest increase of 0.1% in September.