Lithuania producer price inflation slows in December
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Lithuania's industrial producer price index (PPI) rose 16.3% year-on-year following a 17.6% increase in November, figures from Vilnius-based Statistics Lithuania (LS) showed on Tuesday.
In October, producer price inflation was 16.3%. Excluding refined petroleum products, the producer price inflation continued to accelerate and was 13.2% versus 11.7% in November.
Prices for products sold on the domestic market increased 27.9% annually and those for the foreign market grew 7.9%.
Excluding refined petroleum products, domestic market prices rose 23% and foreign market prices climbed 5.7%.
In December, inflation was largely driven by the 55.6% surge in prices for electricity, gas, steam, and air-conditioning.
On month, the producer prices rose 0.4% in December after a 1.7% increase in November.
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