Producer prices in Latvia rose 1.8% year-on-year in May 2026, accelerating from a revised 0.7% increase in the previous month and reaching the highest level since January. Price growth strengthened in manufacturing (1.1% vs 0.7% in April), driven by chemicals and chemical products (6% vs 3.5%), basic metals (6% vs 5.6%), and other non-metallic mineral products (6.1% vs 4.1%). At the same time, costs rebounded in electricity, gas, steam and air conditioning supply (1.7% vs -2.7%), while costs continued to rise for water supply, sewerage, waste management, and remediation activities (7.9% vs 7.5%). Meanwhile inflation in mining and quarrying eased (12.2% vs 15.5%). On a monthly basis, producer prices edged up 0.9% in May from a 0.5% increase in April and marking the strongest gain since January.