Latvia producer prices surge in December

Figures

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Latvia's producer prices continued to rise in December, figures from the Riga-based Central Statistical Bureau (CSB) showed on Friday.

The producer price index rose 25.1% year-on-year in December, following a 23.4% increase in November. Among components, prices for manufacturing grew 18.7% yearly in December and those of water supply gained 18.5%.

Prices for mining and quarrying, and electricity, gas, steam and air conditioning supply rose by 13.8% and 62.9%, respectively.

On a monthly basis, producer prices rose by 1.6% in December. Domestic market prices rose 3.8% monthly in December, while foreign market prices declined 0.5%. In 2021, producer price inflation was 13.2%.

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