The level of prices of products sold on the domestic market increased by 41.4 %, and prices of exported products – by 23.2 %. Prices of products exported to euro area countries rose by 26.7 %, prices of products exported to non-euro area countries – by 20.3 %.
The most significant impact on producer prices was made by the price rise in the production of electricity, gas, steam, and air conditioning supply; manufacture of wood and of products of wood and cork (except furniture); manufacture of food products; manufacture of fabricated metal products (except machinery and equipment), as well as the manufacture of other non-metallic mineral products.
In May 2022, compared to April, the level of producer prices in the Latvian industry increased by 3.9 %. The level of prices of products sold on the domestic market rose by 4.5 %, and prices of exported products – by 3.4 %. Producer prices of products exported to euro area countries increased by 3.9 % and prices of products exported to non-euro area countries – by 3.0 %.
Electricity, gas, steam, and air conditioning supply; manufacture of wood and of products of wood and cork (except of furniture); manufacture of other non-metallic mineral products, as well as the manufacture of selected food products had an upward impact on the producer price changes.
