Riga, May 23, 2024 – In a notable shift from recent trends, Latvia's Producer Price Index (PPI) saw a positive upswing in April 2024, coming in at 0.3%. This figure marks a significant turnaround from March 2024, where the PPI had recorded a decrease of -0.4%.
Latvia's Central Statistical Bureau updated the data on 23 May 2024, highlighting the encouraging economic signs. The month-over-month comparison shows that while March's PPI reflected a decline compared to February, April's figure indicates recovery and potential stabilization in producer prices.
This positive change is seen as a hopeful indicator for Latvia's economy, providing much-needed relief to producers and businesses facing recent price pressures. As the country navigates through economic adjustments, stakeholders will be closely monitoring upcoming PPI reports for continued positive momentum.
