Analytics, Industry, Latvia, Markets and Companies

Both prices of products sold on the domestic market and prices of exported products decreased by 0.1%; of which in exports to euro area countries reduced by 0.5%, but in exports to non-euro area countries rose by 0.2%. Over a month changes of producer prices were mostly affected by price drop in electricity, gas, steam and air conditioning supply, as well as in manufacture of wood and of products of wood, except furniture

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In February, compared to February of the previous year, the average level of producer prices in the Latvian industry decreased by 0.3%. Producer prices of products sold on the domestic market grew by 0.2%, but prices of exported products reduced by 0.9%; of which in exports to euro area countries – by 0.7% and in exports to non-euro area countries – by 1%. The most significant price drop was in manufacture of food products (by 0.7 percentage points).

Producer price changes in February 2015, %

Producer price changes over the corresponding month of the previous year, %

Since the data updates were submitted by respondents, producer price index for January 2015 was recalculated.

This year data on producer prices are provided by more than 640 enterprises which for the calculation of index each month provide the CSB with around 3 thousand prices, of which 1.6 thousand prices are for products sold on the domestic market and 1.4 thousand – for exported products and industrial services.

More detail information on producer price changes can be found in the CSB database in section Producer prices.