Latvia Producer Inflation up on Month in October
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The producer price inflation rate in Latvia slowed to 32.3% year-on-year in October from an upwardly revised 33.3% in the previous month, figures from the Riga-based Central Statistical Bureau (CSB) showed on Tuesday.
Prices rose at a slower pace for electricity, gas, steam, and air conditioning supply (106.2% vs 127.2% in September).
Meanwhile, inflation picked up for manufacturing (17.5% vs 15.9%), mining and quarrying (18.8% vs 16.8%), and water supply, sewerage, waste management, and remediation activities (29.4% vs 23.3%).
On a monthly comparison basis, producer prices rose 0.5% in October, reversing a revised 0.5% decline in September.
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