FX.co ★ Latvia's Producer Price Index Slows Down: November Sees a Decline to 0.1%

In November 2024, Latvia experienced a notable slowdown in its Producer Price Index (PPI), which fell to 0.1%, according to data updated on December 20, 2024. This month-over-month indicator marks a decrease from the previous month, October 2024, when the PPI was recorded at 0.5%.

The Producer Price Index is an important measure for assessing the average change over time in the selling prices received by domestic producers for their output. A decreasing PPI can suggest a decline in inflationary pressures within the economy. This slowdown might reflect changes in demand, supply chain efficiencies, or shifts in the economic landscape of Latvia.

This decline of 0.4 percentage points from October to November contrasts with the comparative measure between September and October, which had remained steady at 0.5%. Analysts often closely monitor such shifts as they can impact economic decisions, from policy formulation to business strategy.