Thursday June 22 2017
Latvia Producer Prices Change at 2.90 percent
Producer prices in Latvia rose 2.9 percent year-on-year in May of 2017, following a 2.2 percent increase in the previous month. It is the highest producer inflation since December of 2012, as prices went up faster for manufacturing (3.2 percent vs 2.5 percent in April), mining and quarrying (1.3 percent vs 0.9 percent) and electricity, gas, steam and air conditioning supply (1 percent vs 0.2 percent). Meanwhile, cost slowed for water supply, sewerage, waste management and remediation activities (5.6 percent vs 7.4 percent). On a monthly basis, producer prices increased 0.4 percent, compared to a 0.1 percent rise in April.