Producer prices edged up in November / Article


The price level of products sold in the domestic market increased by 2.4%, and the prices of exported products – by 0.1%. Producer prices of products exported to euro area countries decreased by 0.4%, while prices of products exported to non-euro area countries increased by 0.5%.

The supply of electricity, gas, steam and air conditioning, as well as the manufacture of some food products, have had an upward impact on changes in producer prices. The manufacture of wood, wood and cork products (except furniture) had a downward impact on changes in producer prices.

In November 2021, compared with November 2020, the average level of producer prices in Latvian industry increased by 23.4%. The price level of products sold in the domestic market increased by 26.7%, and the prices of exported products – by 20.5%. The prices of products exported to euro-zone countries increased by 22.2%, the prices of products exported to countries outside the euro zone – by 19.1%.

Rising prices in the manufacture of wood and wood and cork products (except furniture); the supply of electricity, gas, steam and air conditioning, as well as the manufacture of some food products had the greatest upward impact on changes in producer prices.

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