Latvia producer prices accelerate in April

Figures

Photo by Oleksiichik / Shutterstock.com

Latvia's producer prices increased for the fourth month in a row in April, figures from the Riga-based Central Statistical Bureau (CSB) showed on Monday.

The producer price index rose 5.1% year-on-year in April, following a 3.4% increase in March. Among components, prices for manufacturing rose 6.4% yearly in April. Prices for mining and quarrying gained 3.7% and those of water supply grew 10.9%.

Meanwhile, prices of electricity, gas, steam and air conditioning supply declined 2.1%.

On a month-on-month basis, producer prices rose by 1.6% in April. Domestic market prices rose 2.9% monthly in April and foreign market prices increased by 7.1%. 

ADVERTISEMENT

EBRD Sees Hungary GDP Growth Slowing to 1.5% in 2023 Analysis

EBRD Sees Hungary GDP Growth Slowing to 1.5% in 2023

Horthy Statue to be Unveiled in Parliament Parliament

Horthy Statue to be Unveiled in Parliament

UPS Appoints Regional Director Appointments

UPS Appoints Regional Director

Completion of Metro Line M3 Renovation Delayed City

Completion of Metro Line M3 Renovation Delayed

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.