Latvia producer inflation rises further in October
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Producer prices in Latvia climbed 22.4% year-on-year in October from 21.2% in the previous month, a fresh record high rate, figures from the Riga-based Central Statistical Bureau (CSB) showed on Monday.
Main upward pressure came from domestically sold goods (24.2% vs 20.4% in September) while prices on exported goods eased (20.8% vs 21.9%).
Across different industries, prices advanced for electricity, gas, steam, and air conditioning (42.8% vs 31%) and water supply, sewerage, and waste management (18.1% vs 17.7%), while inflation slowed for mining & quarrying (12.7% vs 13.2%) and manufacturing (19.1% vs 19.8%).
On a monthly basis, producer prices surged 1.2%, easing from a 2.8% rise in September.
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