FX.co ★ Latvia's Producer Price Index Sees Slight Improvement in August 2024

Riga, September 20, 2024 — Latvia's Producer Price Index (PPI) has shown a modest improvement in August 2024, marking a consecutive positive trend. According to the latest data released, the PPI recorded a change of -0.1% in August, a slight increase from the -0.3% observed in July 2024.

The updated figures indicate a subtle recovery in the pricing environment for Latvian producers on a month-over-month comparison basis. While the PPI remains in negative territory, this uptick suggests a potential stabilization, providing a glimmer of hope amidst the economic challenges faced by the Baltic nation.

As of September 20, 2024, these updated statistics offer a crucial insight into Latvia's industrial sector performance, highlighting the continuous yet gradual pace of improvement. Policymakers and market analysts will be closely monitoring subsequent data releases to gauge the sustainability of this positive trend.