Latvia producer prices fall in March

Automotive

Photo by Oleksiichik / Shutterstock.com

Latvia’s producer prices fell for the sixth month in a row in March, the latest figures from the Riga-based Central Statistical Bureau (CSB) show. 

Photo by Oleksiichik / Shutterstock.com

The producer price index (PPI) fell 1.7% year-on-year in March, following a 1.8% decrease in February.

Among components, prices of electricity, gas, steam and air conditioning supply declined 4.3% annually in March. Prices for manufacturing decreased 1.1 and those of water supply and mining and quarrying fell 1.2% and 1.%, respectively.

On a monthly basis, producer prices remained unchanged in March, CSB said on April 23.

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