Latvia PPI inflation accelerates further in May
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Latvia's producer price inflation accelerated for the third straight month in May, figures from the Riga-based Central Statistical Bureau (CSB) showed on Tuesday.
The producer price index (PPI) surged 31.5% year-on-year in May, faster than the 29.3% spike in April.
Among components, prices for electricity, gas, steam and air conditioning supply grew the most, by 75.1% annually in May, and those for water supply rose 26.5%.
Prices for manufacturing also registered a sharp growth of 24.3% and mining and quarrying prices climbed 20.8%.
Domestic market prices were 41.4 higher in May compared to last year and foreign market prices increased 23.2%. On a monthly basis, total producer prices moved up 3.9% in May.
Both domestic and foreign market prices rose 4.5% and 3.4%, respectively.
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