Latvia producer deflation deepens in April

Sights

Image by Prabowo96/Shutterstock.com

Producer prices in Latvia fell 2.1% year-on-year in April, following a 1.7% drop in the previous month, data released by the Riga-based Central Statistical Bureau (CSB) shows. 

Image by Prabowo96/Shutterstock.com

Output prices decreased further for manufacturing, by 1.5% annually in April, and cost fell for electricity gas, steam and air conditioning supply by 4.9%.

In addition, producer prices for water supply, sewerage, waste management and remediation went down by 1.6% and decreased for mining and quarrying by 2%.

On a monthly basis, producer prices showed no growth, the same as in March, CSB said on May 25.

Number of Thefts in Capital Edges Higher in 2023 Figures

Number of Thefts in Capital Edges Higher in 2023

Magyar Drops Audio Suggesting Gov't Meddling in Corruption C... Government

Magyar Drops Audio Suggesting Gov't Meddling in Corruption C...

Wizz Air Using VR for Pilot Training Innovation

Wizz Air Using VR for Pilot Training

2024 Edition of Budapest Ritmo Approaching In Budapest

2024 Edition of Budapest Ritmo Approaching

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.