Lithuania’s producer prices continued to decline in August, according to the latest figures from Statistics Lithuania (LS). The producer price index (PPI) decreased 8.7% year-on-year in August, following a 9.8% decrease in July.
Excluding refined petroleum products, producer prices fell 2.8% annually in August, following a 3.2% decline in the preceding month.
Producer prices for products sold on the Lithuanian market decreased by 6.7% annually in August. Prices for products sold on the foreign market fell by 10% from a year ago.
On a month-on-month basis, producer prices remained unchanged in August, after a 2.2% rise in the prior month.
Separate data from the Vilnius-based statistical office showed that the trade deficit had decreased to EUR 170.9 million in July from EUR 390.5 mln in the same month last year. Exports fell 5.9% yearly in July, following a 7.3% decline in June, LS said on September 9.