Latvia producer prices rise in August

Figures

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

The producer price index (PPI) rose 18.3% year-on-year in August, following a 15.8% increase in July. Among components, prices for manufacturing rose 18.5% yearly in August and those of water supply grew 17.8%.

Prices for mining and quarrying, and electricity, gas, steam and air conditioning supply gained 8.8% and 18.7%, respectively.

On a monthly basis, producer prices grew 2.2%, easing from 2.8% in July. Domestic market prices rose 2.5% monthly in August and foreign market prices increased by 1.9%.

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