Latvian producer prices dipped in July

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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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