It was the slowest rate since the deflationary momentum started after June of 2023. Producers' costs in June fell at a slower pace for manufacturing (-0.5% vs -0.9% in May) and electricity, gas supply, heating supply, and air conditioning (-8.7% vs -14%).
Additionally, producer inflation rose further for water supply, wastewater, wastewater management, and remediation activities (4.2% vs 0.8%).
On the other hand, prices declined at a stronger pace for mining and quarrying (-3% vs -2.8%). From the previous month, the producer price index (PPI) in Latvia rose by 0.2%.
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