Latvia's producer price inflation weakened for the sixth consecutive month in July, data released by the Central Statistical Bureau showed Tuesday.
The producer price index increased 2.1 percent on an annual basis in July, after rising 2.3 percent in the previous month. The growth rate has weakened for the sixth month in a row.
Prices of goods sold in the domestic market rose 3.3 percent annually in July, while prices in the overseas market gained 0.5 percent.
Mining and quarrying prices climbed 8.1 percent annually during the month, while manufacturing prices rose 0.6 percent. Output prices of electricity, gas, steam and air conditioning were higher by 6.4 percent compared to last year.
In July, producer prices moved up 0.5 percent compared to June, when it advanced 0.2 percent, the agency said.
by RTT Staff Writer
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