Latvia producer price inflation accelerates further in April
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Latvia's producer price inflation surged 29.9% year-on-year in April, faster than March's 28.0% spike, figures from the Riga-based Central Statistical Bureau (CSB) showed on Monday.
Prices have been rising since January 2021. Among components, prices for electricity, gas, steam and air conditioning supply grew the most by, 69.2% annually in April and those for water supply rose 30.1%.
Prices for manufacturing also registered a sharp growth of 23.2% and mining and quarrying prices gained 19.7%.
Domestic market prices grew 39.6% in April compared to last year and foreign market prices increased 21.8%.
On a monthly basis, total producer prices went up 3.1% in April. Both domestic and foreign market prices rose 1.9% and 4.3%, respectively.
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