Latvian producer prices dipped in July

Data from the Central Statistical Bureau (CSB) released August 21 show that, compared to June, in July 2019 level of producer prices in Latvian industry fell by 0.2 %. 

Prices of goods sold on the domestic market reduced by 0.3 %, whereas prices of exported products did not change. Prices of products exported to euro area countries fell by 0.5 %, while prices of products exported to non-euro area countries rose by 0.3 %.

Compared to July 2018, in July 2019 the average level of producer prices in Latvian industry increased by 1.5 %. Prices of products sold on the domestic market rose by 4.1 %, while prices of exported products fell by 1.0 %. Prices of products exported to euro area countries dropped by 0.2 % and of products exported to non-euro area countries by 1.6 %.

This year, information on producer prices in industry is provided by more than 600 enterprises.

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