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Monday 16.07.2018 | Name days: Hermīne, Estere
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Producer price level in industry grew 0.6% in Latvia in April

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Compared to March, level of producer prices in the Latvian industry rose by 0.6 % in April 2018. Prices of products sold on the domestic market went up by 1.0 % and prices of exported products by 0.3 %.

Prices of products exported to euro area countries grew by 1.1 %, whereas prices of products exported to non-euro area countries fell by 0.4 %, according to data from the Central Statistical Bureau of Latvia.

Price increase in steam and air conditioning supply, distribution of electricity and production of electricity, manufacture of wood and of products of wood and cork, except furniture, as well as manufacture of food products had the greatest influence on producer price changes over the month. Manufacture of fabricated metal products, except machinery and equipment, in its turn, had the most notable downward effect.

Compared to April 2017, the average level of producer prices in Latvian industry increased by 4.0 % in April 2018. The level of prices of products sold on the domestic market rose by 4.6 % and that of exported products by 3.5 %.  Prices of products exported to euro area countries grew by 4.6 %, whereas prices of products exported to non-euro area countries by 2.6 %.

Rise in prices in manufacture of wood and of products of wood and cork, except furniture, trade of electricity, steam and air conditioning supply, as well as manufacture of food products had the greatest upward impact. Manufacture of chemicals and chemical products, as well as manufacture of computer, electronic and optical products, in its turn, had the most significant downward influence.


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