Latvia producer prices decline slows in December
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Latvia's producer prices declined in December, albeit at a softer pace, figures from the Riga-based Central Statistical Bureau (CSB) showed on Friday.
The producer price index (PPI) fell 0.3% year-on-year in December, following a 0.9% decrease in November. Among components, prices of electricity, gas, steam and air conditioning supply declined 6.7% annually in December and prices for mining and quarrying decreased 1.0%. Meanwhile, prices for manufacturing rose 1.0% and those of water supply grew 1.7%.
On a month-on-month basis, producer prices rose by 0.2% in December. Domestic market prices rose 0.1% monthly in December and foreign market prices increased by 0.3%.
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