FX.co ★ Latvia Producer Prices Fall First Time in 5 Months

Producer prices in Latvia experienced a year-on-year decline of 0.5% in June 2025, transitioning from a downwardly revised 0.2% increase observed in the previous month. This decline represents the first instance of producer price deflation since January. Notably, the costs associated with electricity, gas, steam, and air-conditioning supply dropped at a faster rate (-13.3% compared to -7.8% previously), whereas the decline slowed in the water supply, sewerage, waste management, and remediation sectors (9.3% down from 9.7%). Conversely, price increases were noted in both the mining and quarrying sector, which saw an uptick to 8.5% from May's 7.5%, and the manufacturing sector, where prices rose to 1.7% from the previous 1.4%. On a month-to-month basis, producer prices decreased by 0.5% in June, marking the fourth consecutive month of decline and further intensifying from a revised 0.1% reduction in the prior period.