The level of prices of products sold on the domestic market increased by 0.7 %, and prices of exported products – by 2.0 %. Producer prices of products exported to euro area countries rose by 1.5 %, prices of products exported to non-euro area countries – by 2.4 %.
Manufacture of wood and of products of wood and cork, except furniture, as well as manufacture of selected food products had upward impact on the producer price changes. Trade and distribution of electricity had downward impact.
Producer price changes in March 2021
(as per cent)
|
|
Weights |
Price changes in March 2021 compared to |
|
|
February 2021 |
March 2020 |
||
|
Industrial production – total |
100.0 |
1.4 |
3.4 |
|
Mining and quarrying |
2.4 |
0.4 |
1.4 |
|
Manufacturing |
78.8 |
1.8 |
4.4 |
|
Electricity, gas, steam and air conditioning supply |
14.9 |
-0.8 |
-2.2 |
|
Water supply; sewerage, waste management and remediation activities |
3.9 |
1.3 |
7.8 |
|
Products sold on the domestic market |
100.0 |
0.7 |
1.2 |
|
Mining and quarrying |
1.9 |
0.7 |
1.7 |
|
Manufacturing |
58.8 |
1.5 |
2.1 |
|
Electricity, gas, steam and air conditioning supply |
31.8 |
-0.8 |
-2.2 |
|
Water supply; sewerage, waste management and remediation activities |
7.5 |
0.5 |
8.8 |
|
Exported products |
100.0 |
2.0 |
5.5 |
|
Mining and quarrying |
3.0 |
0.2 |
1.2 |
|
Manufacturing |
96.3 |
2.0 |
5.7 |
|
Water supply; sewerage, waste management and remediation activities |
0.7 |
8.4 |
-2.3 |
In March 2021, compared to March 2020, the average level of producer prices in Latvian industry increased by 3.4 %. The level of prices of products sold on the domestic market grew by 1.2 %, and prices of exported products – by 5.5 %. Prices of products exported to euro area countries rose by 4.4 %, prices of products exported to non-euro area countries – by 6.4 %.
Manufacture of wood and of products of wood and cork, except furniture, had the most significant impact on the producer price changes. Price drop of gas and heat supply, as well as manufacture of selected food products had downward impact on the producer price changes.
