Latvia's producer price inflation slowed to the lowest level in almost two years in April, data released by Statistics Latvia showed Wednesday.
Output price inflation slowed to 4 percent in April from 5.4 percent in March. The latest growth was the smallest since May 2010, when the producer price index increased 3.3 percent.
Prices in the manufacturing sector gained 1.9 percent year-on-year compared to April 2011, while mining and quarrying production advanced 5.4 percent, data showed.
The producer price index for the domestic market grew 5.6 percent annually, while prices of goods meant for the overseas market rose 1.8 percent.
Month-on-month, output prices moved up 0.9 percent in April, recovering from the previous month's 0.4 percent decrease, data showed.
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