The level of prices of products sold on the domestic market increased by 33.2 %, and prices of exported products – by 19.0 %. Prices of products exported to euro area countries rose by 23.2 %, prices of products exported to non-euro area countries – by 15.5 %.
"The most significant impact on producer prices was made by the price rise in 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, as well as waste collection, treatment and disposal activities, materials recovery," said the CSB.
However, in February 2022, compared to January, the level of producer prices in Latvian industry remained the same. Prices of products sold on the domestic market fell by 0.2 %, but prices of exported products grew by 0.2 %. Producer prices of products exported to euro area countries increased by 0.8 %, but prices of products exported to non-euro area countries decreased by 0.3 %.
Producer price changes in February 2022 (%)
|
|
Weights |
Price changes in February 2022 compared to |
|
|
January 2022 |
February 2021 |
||
|
Industrial production – total |
100.0 |
0.0 |
25.6 |
|
Mining and quarrying |
2.3 |
0.2 |
15.9 |
|
Manufacturing |
76.5 |
0.7 |
19.2 |
|
Electricity, gas, steam and air conditioning supply |
17.9 |
-3.2 |
60.1 |
|
Water supply; sewerage, waste management and remediation activities |
3.3 |
0.8 |
29.4 |
|
Products sold on the domestic market |
100.0 |
-0.2 |
33.2 |
|
Mining and quarrying |
1.9 |
0.4 |
11.9 |
|
Manufacturing |
53.8 |
1.8 |
20.5 |
|
Electricity, gas, steam and air conditioning supply |
37.7 |
-3.2 |
60.3 |
|
Water supply; sewerage, waste management and remediation activities |
6.6 |
0.8 |
21.6 |
|
Exported products |
100.0 |
0.2 |
19.0 |
|
Mining and quarrying |
2.7 |
0.1 |
18.1 |
|
Manufacturing |
96.9 |
0.2 |
18.5 |
|
Electricity, gas, steam and air conditioning supply |
0.1 |
. |
… |
|
Water supply; sewerage, waste management and remediation activities |
0.3 |
1.5 |
81.3 |
Information on producer price changes in industry in March 2022 will be published on April 25.
