Latvia’s producer prices decreased for the eleventh successive month in November, though at a slower pace than in the previous month, figures from the Central Bureau of Statistics showed Monday.
The producer price index slipped 1.7 percent year-over-year in November, following a 2.1 percent drop in October. In September, prices had fallen 1.9 percent.
Both domestic and foreign market prices slid by 2.4 percent and 0.9 percent, respectively in November from a year ago.
Prices in the utility sector fell 3.5 percent and that for manuacturing sector declined by 1.3 percent. At the same time, mining and quarrying prices grew 5.1 percent.
On a monthly basis, producer prices rose 0.3 percent in November, in contrast to a 0.6 percent fall in the preceding month. It was the first increase in five months.
The material has been provided by InstaForex Company – www.instaforex.com