Latvia’s producer prices declined at a faster pace in July, figures from the Central Statistical Bureau showed Friday.
The producer price index fell 0.9 percent year-over-year in July, following a 0.3 percent decrease in the previous month. Prices have been falling since January this year.
Prices in the manufacturing sector dropped 0.8 percent in July from a year ago and that for utility sector went down by 1.5 percent. Meanwhile, mining and quarrying prices grew 4.1 percent.
Domestic market prices slid 1.6 percent annually in July and prices in the foreign market edged down by 0.2 percent.
On a monthly basis, producer prices decreased 0.5 percent in July, reversing a 0.4 percent climb in June. It was the first decline in three months.
The material has been provided by InstaForex Company – www.instaforex.com