The level of prices of products sold on the domestic market went up by 49.9 % and that of exported products by 11.8 %. Prices of products exported to euro area countries increased by 14.0 % and of products exported to non-euro area countries by 9.9 %.
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 as well as manufacture of fabricated metal products (except machinery and equipment) had the most significant impacts on producer prices, the CSB said.
In November 2022, compared to October, the level of producer prices in Latvian industry actually decreased by a tiny amount: 0.1 %, to be precise. The level of prices of products sold on the domestic market fell by 0.2 %, but prices of exported products rose by 0.1 %. Both prices of products exported to euro area countries and prices of products exported to non-euro area countries increased by 0.1 %.
Producer price changes in November 2022 (as per cent)
|
|
Weights |
Changes in Nov 2022 compared to |
|
|
October 2022 |
November 2021 |
||
|
Industrial production, total |
100.0 |
-0.1 |
29.6 |
|
Mining and quarrying |
2.3 |
3.9 |
22.4 |
|
Manufacturing |
76.5 |
0.1 |
17.4 |
|
Electricity, gas, steam and air conditioning supply |
17.9 |
-1.1 |
86.2 |
|
Water supply; sewerage, waste management and remediation activities |
3.3 |
0.1 |
28.7 |
|
Products sold on the domestic market |
100.0 |
-0.2 |
49.9 |
|
Mining and quarrying |
1.9 |
5.4 |
26.5 |
|
Manufacturing |
53.8 |
0.4 |
29.0 |
|
Electricity, gas, steam and air conditioning supply |
37.7 |
-1.1 |
86.3 |
|
Water supply; sewerage, waste management and remediation activities |
6.6 |
0.1 |
30.4 |
|
Exported products |
100.0 |
0.1 |
11.8 |
|
Mining and quarrying |
2.7 |
2.8 |
19.7 |
|
Manufacturing |
96.9 |
0.0 |
11.6 |
|
Electricity, gas, steam and air conditioning supply |
0.1 |
. |
… |
|
Water supply; sewerage, waste management and remediation activities |
0.3 |
-1.0 |
-5.3 |
