Latvia's producer price inflation weakened to the lowest level in more than two years in May, data released by the Central Statistical Bureau showed Thursday.
The producer price index rose 2.6 percent annually in May, following the previous month's 4 percent gain. The latest growth rate was the smallest since April 2010, when prices edged up 0.6 percent.
Output prices of products sold in the domestic market rose 4 percent annually, while prices in the overseas market moved up 0.6 percent in May.
Prices in the mining and quarrying industry climbed 8 percent year-on-year in May, while manufacturing prices rose 1.2 percent. There was a 6.3 percent annual increase in output prices of electricity, gas, steam and air conditioning supply during the month.
Month-on-month, output prices decreased 0.4 percent in May, reversing the previous month's 0.9 percent increase.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.