Producer prices in industry reduced by 0.6 % year-on-year and by 0.1 % month-on-month

Central Statistical Bureau data show that in July 2025 industrial producer prices in Latvia fell by 0.6 % compared with July 2024 and by 0.1 % compared with June 2025.

The year-on-year price level for the domestic market reduced by 1.2 % and for the non-domestic market by 0.1 %. The prices of products exported to euro area countries went down by 1.1 %, while prices of products exported to non-euro area countries went up by 0.9 %.

Price decline in electricity, gas, steam and air conditioning supply had the largest downward effect on the level of producer prices. However, price rises in several classes within the manufacture of food products; waste collection, treatment and disposal activities, materials recovery; manufacture of wood and of products of wood and cork played a key role in driving the level upward.

The month-on-month producer price level decreased by 0.1 %. Industrial prices for the domestic market did not change, while for the non-domestic market reduced by 0.2 %. The prices of products exported to euro area countries rose by 0.3 %, while prices of products exported to non-euro area countries fell by 0.6 %.

Lower prices in manufacture of wood and of products of wood and cork; several classes within the manufacture of food products; manufacture of computer, electronic and optical products were a key factor behind the monthly price drop. Conversely, higher prices in electricity, gas, steam and air conditioning supply; in manufacture of basic pharmaceutical products and pharmaceutical preparations had a counterbalancing impact.

Producer price changes

(per cent)

Information on the producer price changes in industry in August 2025 will be published on 19 September.

Read more about producer prices in industry in the official statistics portal section Producer prices.

Methodological information:

Producer price index in industry is an indicator characterizing industrial production price fluctuations over a set period.

The contribution of a given economic activity to the overall industrial producer price index (PPI) is assessed by calculating an impact. Economic activities having insignificant price changes but taking large share of the index can influence the overall PPI more than the products having little share but major price changes.

Information on producer prices in industry is collected from more than 600 businesses and supplemented with tariffs on selected services and enterprises regulated by the Public Utilities Commission. In total, more than 2.5 thousand prices of industrial products and services are used in index calculations – about 1.4 thousand for the domestic market and 1.1 thousand for the non-domestic market.

The published industrial producer price index is revised when updated, corrected, or late data have a significant impact on the overall index within a 12-month period – one exceeding 0.1 percentage point.

Additional methodological information on the producer price index in industry is available in the official statistics portal Reference metadata section.

Media requests:
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More information on the data:
Avita Zandberga
Producer Price Indices section
Email: Avita.Zandberga@csp.gov.lv
Phone:  +371 67366617