logo
  

Latvia Producer Price Inflation Accelerates Further

Latvia's producer price inflation accelerated for the second straight month in April, figures from the Central Statistical Bureau showed on Monday.

The producer price index surged 29.9 percent year-on-year in April, faster than March's 28.0 percent spike. Prices have been rising since January 2021.

Among components, prices for electricity, gas, steam and air conditioning supply grew the most by, 69.2 percent annually in April and those for water supply rose 30.1 percent.

Prices for manufacturing also registered a sharp growth of 23.2 percent and mining and quarrying prices gained 19.7 percent.

Domestic market prices grew 39.6 percent in April compared to last year and foreign market prices increased 21.8 percent.

On a monthly basis, total producer prices went up 3.1 percent in April. Both domestic and foreign market prices rose 1.9 percent and 4.3 percent, respectively.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Follow RTT