Lithuania producer prices continue to fall in January
Image by Shutterstock.com
Lithuania's producer prices continued to decline in January, figures from statistics Lithuania (LS) showed on Thursday.
The producer price index (PPI) decreased 6.3% year-on-year in January, following a 7.9% decline in December. Excluding refined petroleum products, producer prices fell 1.4% annually in January, same as seen in the preceding month.
Producer prices for products sold on the Lithuanian market decreased by 4.8% annually in January. Prices for products sold on the foreign market fell by 7.4% from a year ago. On a month-on-month basis, producer prices rose 1.4% in January, after a 1.5% increase in the prior month.
ADVERTISEMENT
Minister Asks Banks to Introduce Voluntary Rate Caps
Gov't Raises 2023 Deficit Target to 5.2% of GDP
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
