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Latvia Producer Price Inflation Eases In February

Latvia's producer price inflation decreased in February after rising to a three-month high in the previous month, data from the Central Statistical Bureau showed Wednesday.

The producer price index increased 6.7 percent on an annual basis in February, following the 7.1 percent rise in January. In December, the pipeline inflation rate was 6.5 percent.

Month-on-month, output prices edged up 0.2 percent in February, after gaining 1.8 percent in January. Prices increased for the second consecutive month in February.

Producer prices of goods sold in the domestic market advanced 9.7 percent annually, while prices of goods sold in the overseas market increased 2.7 percent in February.

On a monthly basis, prices in the domestic and export market gained 0.2 percent and 0.3 percent, respectively in February.

Prices in the mining and quarrying industry rose 6.4 percent annually, while manufacturing prices grew 3.0 percent in February.

by RTTNews Staff Writer

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