Latvia producer price inflation surges in May

Figures

Latvia's producer prices rose 8.3% year-on-year in May, following a 5.1% increase in April, figures from the Riga-based Central Statistical Bureau (CSB) showed on Monday.

Among components, prices for manufacturing rose 9.3% yearly in May and those of water supply grew 14.9%. Prices for mining and quarrying, and electricity, gas, steam and air conditioning supply gained 3.6% and 1.9%, respectively.

On a monthly basis, producer prices rose by 2.1% in May. Domestic market prices rose 2.0% monthly in May and foreign market prices increased by 2.2%.

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