The level of prices of products sold on the domestic market went up by an astonishing 61.6 % and that of exported products by 13.2 %. Prices of products exported to euro area countries increased by 16.8 % and of products exported to non-euro area countries by 10.2 %.
"The price rise in electricity, gas, steam and air conditioning supply; manufacture of food; manufacture of wood and of products of wood and cork (except furniture); manufacture of other non-metallic mineral products; manufacture of fabricated metal products (except machinery and equipment) as well as manufacture of chemicals and chemical products had the most significant impact on the producer prices." the CSB said.
In August 2022, compared to July, the level of producer prices in Latvian industry increased by 4.1 %. Prices of products sold on the domestic market rose by 8.6 %, while prices of exported products reduced by 0.5 %. Producer prices of products exported to euro area countries increased by 0.7 %, but prices of products exported to non-euro area countries decreased by 1.6 %.
Producer price changes in August 2022 (as per cent)
|
|
Weights |
Price changes in August 2022 compared to |
|
|
July 2022 |
August 2021 |
||
|
Industrial production, total |
100.0 |
4.1 |
35.0 |
|
Mining and quarrying |
2.3 |
0.6 |
18.1 |
|
Manufacturing |
76.5 |
0.6 |
17.4 |
|
Electricity, gas, steam and air conditioning supply |
17.9 |
16.3 |
138.3 |
|
Water supply; sewerage, waste management and remediation activities |
3.3 |
2.3 |
23.2 |
|
Products sold on the domestic market |
100.0 |
8.6 |
61.6 |
|
Mining and quarrying |
1.9 |
1.5 |
20.1 |
|
Manufacturing |
53.8 |
2.8 |
26.2 |
|
Electricity, gas, steam and air conditioning supply |
37.7 |
16.2 |
138.3 |
|
Water supply; sewerage, waste management and remediation activities |
6.6 |
2.4 |
23.1 |
|
Exported products |
100.0 |
-0.5 |
13.2 |
|
Mining and quarrying |
2.7 |
-0.1 |
16.5 |
|
Manufacturing |
96.9 |
-0.6 |
13.0 |
|
Electricity, gas, steam and air conditioning supply |
0.1 |
. |
… |
|
Water supply; sewerage, waste management and remediation activities |
0.3 |
0.2 |
5.1 |
