2025.12.1911:25:54UTC+00Latvia Producer Inflation Steady at 2.1%

In November 2025, Latvia's annual producer inflation remained steady at 2.1%, matching the revised statistics from October. The inflation rate for the manufacturing sector saw a slight decrease, with prices rising by 1.2%, down from 1.4% in October. Notably, there were price increases in the manufacture of beverages, non-metallic mineral products, and wood, wood products, and cork manufacturing. The overall deceleration in producer price growth was further affected by reduced costs in the mining and quarrying sectors (17.3% down from 17.9%) and in water supply, sewerage, waste management, and remediation activities (3.4% compared to 4.4%). Conversely, there was a noticeable uptick in prices for electricity, gas, steam, and air-conditioning supply, which rose to 3.9% from 2.4%. On a month-to-month basis, producer prices experienced a marginal increase of 0.1% in November, a significant decrease from the revised growth rate of 1.1% recorded in the preceding month.