The level of prices of products sold on the domestic market increased by 0.4 %, and prices of exported products – by 0.3 %. Producer prices of products exported to euro area countries increased by 0.5 %, but prices of products exported to non-euro area countries rose by 0.2 %.
Manufacture of wood and of products of wood and cork, except furniture, had upward impact on the producer price changes. Price drop of manufacture of motor vehicles, trailers and semi-trailers, manufacture of beverages, as well as manufacture of basic pharmaceutical products and pharmaceutical preparations had downward impact on the producer price changes.
Producer price changes in November 2020
(as per cent)
|
Weights |
Price changes in November 2020 compared to |
|
October 2020 |
November 2019 |
||
Industrial production – total |
100.0 |
0.4 |
-0.9 |
Mining and quarrying |
2.6 |
0.4 |
-1.6 |
Manufacturing |
76.7 |
0.3 |
0.4 |
Electricity, gas, steam and air conditioning supply |
16.7 |
0.9 |
-7.0 |
Water supply; sewerage, waste management and remediation activities |
4.0 |
0.1 |
0.8 |
Products sold on the domestic market |
100.0 |
0.4 |
-2.1 |
Mining and quarrying |
2.0 |
0.1 |
-1.2 |
Manufacturing |
55.8 |
0.2 |
0.2 |
Electricity, gas, steam and air conditioning supply |
34.7 |
0.9 |
-7.0 |
Water supply; sewerage, waste management and remediation activities |
7.5 |
0.0 |
2.7 |
Exported products |
100.0 |
0.3 |
0.2 |
Mining and quarrying |
3.2 |
0.5 |
-1.9 |
Manufacturing |
96.0 |
0.3 |
0.4 |
Water supply; sewerage, waste management and remediation activities |
0.8 |
0.6 |
-15.9 |
In November 2020, compared to November 2019, the average level of producer prices in Latvian industry fell by 0.9 %. Prices of products sold on the domestic market have fallen by 2.1 %, but prices of exported products – grown by 0.2 %. Prices of products exported to euro area countries rose by 0.5 %, prices of products exported to non-euro area countries remained the same.
Price drop of electricity, gas, steam and air conditioning supply had significant impact on the producer price changes. Manufacture of wood and of products of wood and cork, except furniture, had upward impact on the producer price changes.