The level of prices of products sold on the domestic market decreased by 11.3 %, and prices of exported products by 4.9 %. Prices of products exported to euro area countries decreased by 5.8 % and of products exported to non-euro area countries by 4.2 %.
Price drops 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 January 2024, compared to December 2023, the level of producer prices in Latvian industry increased by 0.5 %. The level of prices of products sold on the domestic market increased by 1.0 %, but prices of exported products didn’t change. Both prices of products exported to euro area countries and prices of products exported to non-euro area countries remained unchanged.
