Latvia producer prices increase in May

Figures

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Latvia's producer prices increased for the sixth straight month in May, figures from the Riga-based Central Statistical Bureau (CSB) showed on Wednesday.

The producer price index (PPI) rose 12.4% year-on-year in June, following a 8.3% increase in May.

Among components, prices for manufacturing rose 13.6% yearly in June and those of water supply grew 17.8%. Prices for mining and quarrying, and electricity, gas, steam and air conditioning supply gained 5.9% and 6.1%, respectively.

On a month-on-month basis, producer prices rose by 3.8% in June.

Domestic market prices rose 3% monthly in June and foreign market prices increased by 4.4%.

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