Prices for goods produced experienced an increase year-on-year, but a decrease month-on-month in March.
In March 2025, the level of producer prices in Latvian industry saw a significant drop, with a decrease of 1.9%. This marks a stark contrast to the 2.7% increase in domestic product prices observed in the previous months. Furthermore, the prices of products sold on the domestic market decreased by 1.3%.
However, the specific data on Latvian producer prices, including domestic and export prices for both euro area and non-euro area countries, is not readily available for February and March 2025. The general trends for the euro area and EU industrial producer prices show mixed movements. For instance, in May 2025 compared with May 2024, industrial producer prices in the euro area increased for most product groups, with energy prices declining.
The Euro area producer prices showed a slight decrease from April to May 2025, but no clear indication of February and March trends was provided. As for Latvia, no producer price data was given, but related economic indicators like retail sales experienced small fluctuations.
Despite the lack of direct Latvian data, the overall euro area producer prices saw minor fluctuations but slight growth year-on-year for many product groups excluding energy. This may suggest moderate upward pressure on prices, but the precise trend in Latvia remains unclear.
Regarding the export market, the prices of exported products to the euro area continued to decrease in March 2025, contrary to the 2.2% increase in previous months. On the other hand, the prices of exported products to non-euro area countries rose by 1.3%. However, these prices also decreased by 0.2% in March 2025.
The trade and production of electricity, as well as the manufacture of computer, electronic, and optical products, had a downward impact on the overall level of producer prices in March 2025. The prices of domestic products increased by 2.7%, but the prices of products exported to euro area countries saw a significant decrease of 5.0% in March 2025.
For those seeking exact figures for Latvian producer prices including exports in the early months of 2025, consulting Eurostat detailed national producer price statistics or Latvian official statistical releases would be necessary.
- Although exact figures for Latvian producer prices, including exports, are not readily available for February and March 2025, the decline in the level of producer prices in the Latvian industry could potentially be linked to the EU industry, given the contrasting trends observed within the euro area and EU industrial producer prices during the same period.
- In contrast to the decrease in Latvian domestic product prices and the export prices to non-euro area countries, the prices of Latvian-exported products to the euro area continued to decrease in March 2025, which may suggest a specific trend in the Latvian export industry within the finance sector.
