Producer prices rise in February

Data from the Central Statistical Bureau (CSB) show that, compared to January, in February 2018 level of producer prices in Latvian industry rose by 0.5 %.

Data from the Central Statistical Bureau (CSB) show that, compared to January, in February 2018 level of producer prices in Latvian industry rose by 0.5 %.

Prices of products sold on the domestic market grew by 0.7 %, but prices of exported products went up by 0.3 %. Prices of products exported to euro area countries increased by 0.4 % and prices of products exported to non-euro area countries by 0.2 %.

The most significant impact was made by the price increase in manufacture of wood and of products of wood and cork, except furniture, as well as in electricity production and trade. 

Compared to February 2017, in February 2018 average level of producer prices in Latvian industry increased by 3.4 %. Prices of products sold on the domestic market rose by 3.9%, while prices of exported products went up by 3.0 %. Prices of products exported to euro area countries grew by 3.3 %, whereas prices of products exported to non-euro area countries rose by 2.8 %.

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