The level of prices of products sold on the domestic market reduced by 4.8 %, and prices of exported products by 0.4 %. Prices of products exported to euro-area countries decreased by 0.6 % and of products exported to non-euro area countries by 0.2 %.
Price drop in electricity, gas, steam, and air conditioning supply, as well as the 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 August 2024, compared to July 2024, the level of producer prices in Latvian industry decreased by 0.1 %. Prices of products sold on the domestic market rose by 0.4 %, while prices of exported products reduced by 0.6 %. Prices of products exported to euro area countries reduced by 0.2 % and prices of products exported to non-euro area countries by 1.0 %.
The price drop in the manufacture of wood and of products of wood and cork (except furniture) had a downward impact on the overall level of producer prices during the month. Production and trade of electricity had an upward impact on the producer price changes.
