Tuesday, the Statistics Lithuania announced that the industrial producer prices dropped 12.1% year-over-year in March, after falling 9% in February. A year ago, producer prices were up 21%.

In March, producer prices for manufacturing decreased 17.1% on an annual basis, while mining and quarrying prices dipped 17.2%.

On a monthly basis, producer prices declined 1.8% in March, in contrast to a 0.8% increase in the previous month.

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