20.01.201706:31:00UTC+00Latvia PPI Falls At Slower Rate In December

Latvia's producer prices decreased at a slower pace in December, figures from the Central Statistical Bureau showed Friday.

The producer price index fell 0.8 percent year-over-year in December, following a 1.4 percent stable rate of decline in November. The measure has been falling since January 2015.

The most significant impact was caused by a drop in the prices of electricity, gas, steam and air conditioning supply, manufacture of beverages and manufacture of non-metallic mineral products, the agency said.

Both domestic and foreign market prices dipped by 1.1 percent and 0.6 percent, respectively in December from a year ago.

Month-on-month, producer prices rose 0.4 percent from November, when it increased by 0.3 percent.