The level of prices of products sold on the domestic market reduced by 11.1 %, and prices of exported products by 3.2 %. Prices of products exported to euro area countries decreased by 3.4 % and of products exported to non-euro area countries by 3.0 %.
Price drops in heat, gas supply, manufacture and trade of electricity, as well as manufacture of wood and of products of wood and cork (except furniture) had a downward impact on the level of producer prices during the year.
In March 2024, compared to February 2024, the level of producer prices in Latvian industry decreased by 0.4 %. Prices of products sold on the domestic market fell by 1.3 %, but prices of exported products grew by 0.4 %. Prices of products exported to euro area countries remained unchanged, while prices of products exported to non-euro area countries increased by 0.7 %.
