Lithuania producer prices rise for 2nd month in April
Lithuania's producer prices rose for the second straight month in April, figures from the Statistics Lithuania (LS) showed on Tuesday.
The producer price index (PPI) grew 10.7% year-on-year in April, following a 4.6% rise in March. Excluding refined petroleum products, producer prices rose 2.2% annually in April, following a 0.4% increase in the preceding month. Producer prices for products sold on the Lithuanian market gained by 8.7% annually in April. Prices for products sold on the foreign market increased by 12.2% from a year ago.
On a month-on-month basis, producer prices rose 0.4% in April, after a 1.2% growth in the prior month. Separate data from the Vilnius-based statistics agency showed that the EU measure of harmonized index of consumer prices, or HICP, gained 2.4% yearly in April and rose 1% from a month ago.
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