Lithuania producer prices decline slows in October
Photo by g0d4ather / Shutterstock.com
Lithuaniaʼs producer prices declined further in October, albeit at a softer pace, figures from Statistics Lithuania (LS) showed on Wednesday.
Photo by g0d4ather / Shutterstock.com
The producer price index (PCI) decreased 9.2% year-on-year in October, following a 10.2% decrease in September. Excluding refined petroleum products, producer prices fell 1.7% annually in October, following a 2.2% decline in the preceding month.
Producer prices for products sold on the Lithuanian market decreased by 6.9% annually in October. Prices for products sold on the foreign market fell by 10.9% from a year ago. On a month-on-month basis, producer prices rose 0.3% in October, after 1% fall in the prior month.
Another data from the Vilnius-based statistics agency showed that the EU measure of the harmonized index of consumer prices, or HICP rose 0.5% yearly in October. On a monthly basis, the HICP remained unchanged in October.
Policymakers Cut Central Bank Base Rate by 50 bp to 7.75%
Bulgaria's Household Income, Spending Rise 20% in 2023
Spar Magyarország Revenue Climbs Close to 16% in 2023
Hungary Launches HUF 15 bln Tourism Sector Support Program
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.
