Latvia producer prices rise in September
Producer prices in Latvia climbed 21.2% year-on-year in September from 18.3% in the previous month, data from the Riga-based Central Statistical Bureau (CSB) showed on Thursday, a fresh record high rate.
Producer inflation was pushed up by both exported goods (21.9%) and domestically sold goods (20.4%).
Across different industries, prices advanced for electricity, gas, steam and air conditioning (31%), manufacturing (19.8%), and mining & quarrying (13.2%).
In addition, inflation for water supply, sewerage, and waste management added 17.7%. On a monthly basis, producer prices surged 2.8%, following a 2.2% gain.
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