In September 2020, compared to August, the level of producer prices in Latvian industry increased by 0.3%, according to the Central Statistical Bureau (CSB). The price level for products sold on the domestic market increased by 0.3%, for exported products – by 0.4%. The level of producer prices for exports to euro area countries decreased by 0.3%, while for exports to non-euro area countries it increased by 1.0%.
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The increase in prices in the production of wood, wood and cork products, except furniture, as well as in the production of electricity had an increasing effect, according to the CSB. The decrease in prices in the manufacture of computer, electronic and optical products had a depressing effect.
In September this year, compared to September 2019, the average producer price level in Latvian industry has decreased by 2.1%. The price level for products sold on the domestic market has decreased by 3.2%, for exported products – by 1.0%. Prices for exports to euro area countries decreased by 1.1%, for exports to non-euro area countries – by 1.0%.
The most significant impact was the reduction in prices for electricity, gas, steam and air conditioning supply. The increase in the prices of repairs and installation of equipment and devices had an increasing effect.
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