Prices of products sold on the domestic market fell by 2.2 %, but prices of exported products grew by 2.2 %. Prices of products exported to euro area countries increased by 2.8 %, and of products exported to non-euro area countries by 1.8 %.
Price rises in the manufacture of wood and of products of wood and cork (except furniture), manufacture of selected food products, as well as waste collection, treatment and disposal activities had an upward impact on the level of producer prices during the year. Price drops in electricity, gas, steam and air conditioning supply, as well as printing and reproduction of recorded media had a downward impact on the producer price changes.
In December 2024, compared to November 2024, the level of producer prices in Latvian industry rose by 0.3 %. The level of prices of products sold on the domestic market increased by 0.3 %, and prices of exported products – by 0.2 %. Producer prices of products exported to euro area countries decreased by 0.1 %, but prices of products exported to non-euro area countries increased by 0.5 %.
In 2024, the 12-month average level of producer prices compared to the 12-month average of 2023 in Latvian industry fell by 3.8 %. Prices of products sold on the domestic market reduced by 6.7 %, while prices of exported products – by 1.0 %. Prices of products exported to euro area countries fell by 1.3 %, but those of products exported to non-euro area countries – by 0.7 %.
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