Prices of products sold on the domestic market fell by 5.3 % and of exported products by 0.6 %. Prices of products exported to euro area countries went down by 1.5 % and of products exported to non-euro area countries did not change.
Declining prices in electricity, gas, steam and air conditioning supply as well as in the manufacture of wood and of products of wood and cork (except furniture) had the most significant downward impact on the level of producer prices.
In July 2024, compared to June 2024, the level of producer prices in the Latvian industry reduced by 0.2 %. The level of prices of products sold on the domestic market fell by 0.1 % and prices of exported products by 0.2 %. Producer prices of products exported to euro area countries dropped by 0.5 % while of products exported to non-euro area countries rose by 0.1 %.
Reduced prices in manufacture of chemicals and chemical products as well as in the manufacture of wood and of products of wood and cork (except furniture) had the greatest downward impact on producer prices over the month. However, increased prices in the manufacture of other non-metallic mineral products – upward.
