Lithuania PPI Falls At Slower Rate In May

Lithuania’s producer prices continued to decline at a slower pace in May, figures from Statistics Lithuania showed Tuesday.

The producer price index fell 6.6 percent year-over-year in May, following a 7.7 percent decline in the previous month. The pace of decline has been slowing since February.

Producer prices, excluding refined petroleum products decreased 2.6 percent in May from the prior year.

Prices in the manufacturing sector slid 5.5 percent annually in May and mining and quarrying prices went down by 3.6 percent. Meanwhile, utility sector prices jumped 16.0 percent.

Month-on-month, producer prices rose 0.4 percent in May, slower than a 0.8 percent climb in April. It was the fourth month of increase in a row.

The material has been provided by InstaForex Company – www.instaforex.com

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