In the near future, price rises to be determined by prices of electrical power and natural gas
Producer prices in March continued to rise as a result of rising production costs, with global raw material prices appreciating steadily. In the course of a month, the rise in raw material prices has made production more expensive in most manufacturing industries, particularly chemical industry as well as food and metal production. Albeit global price rises make production more expensive, some enterprises, e.g., food producers, benefit from the opportunity to sell their products for a higher price. As the sales prices of natural gas dropped, energy production became cheaper in March.
In the near future, production costs related to rises in energy resource prices will continue to rise, which will cause both energy production and production in other industries, especially energy-dependent ones, to become costlier. Producer price rises will also be reflected by consumer prices. As the new tariffs of "Sadales tīkls" took effect in April, it became more expensive to produce electrical power. According to forecasts by "Latvijas Gāze", the sales price of natural gas will shoot up 20% in May and June, making the production of heat also more expensive.