In April level of producer prices in industry decreased by 0.1%

25.05.2015

According to the data of the Central Statistical Bureau of Latvia (CSB) compared to March level of producer prices in the Latvian industry in April 2015 dropped by 0.1%. Level of prices of products sold on the domestic market did not change. The prices of exported products decreased by 0.2%, of which in exports to euro area countries reduced by 0.4%, but in exports to non-euro area countries - by 0.2%. Over a month changes of producer prices were mostly affected by price drop in the manufacture of food products, as well as in manufacture of wood and of products of wood, except furniture.

In April 2015, compared to April of 2014, the average level of producer prices in Latvian industry decreased by 0.6%.Producer prices of products sold on the domestic market reduced by 1.1%, but prices of exported products – by 0.1%, of which both in exports to euro area countries and in exports to non-euro area countries it dropped by 0.1%. The most significant price drop was in the manufacture of food products (by 0.7 percentage points) and in electricity, gas, steam and air conditioning supply (by 0.3 percentage points).

Producer price changes in April 2015, as per cent

 

Weights (%)

Price changes (%)

April 2015

compared to

March 2015

April 2014

Total industrial production

100.0

-0.1

-0.6

 

Mining and quarrying

2.1

0.7

2.6

 

Manufacturing

74.3

-0.4

-0.7

 

Electricity, gas, steam and air conditioning supply

20.2

0.6

-1.4

 

Water supply; sewerage, waste management and remediation activities

3.4

1.6

2.5

Products sold on the domestic market

100.0

0.0

-1.1

 

Mining and quarrying

1.6

0.5

-0.6

 

Manufacturing

55.9

-0.7

-1.3

 

Electricity, gas, steam and air conditioning supply

36.9

0.7

-1.6

 

Water supply; sewerage, waste management and remediation activities

5.6

1.8

3.4

Exported products

100.0

-0.2

-0.1

 

of which:

 

 

 

 

mining and quarrying

2.7

0.8

4.8

 

manufacturing

94.5

-0.3

-0.3

 

water supply, sewerage, waste management and remediation activities

0.9

0.2

-4.3

 

Producer price changes over the corresponding month of the previous year, as per cent

Data source: Central Statistical Bureau of Latvia

This year data on producer prices are provided by more than 640 enterprises which for the calculation of index each month provide the CSB with around 3 thousand prices, of which 1.6 thousand prices are for products sold on the domestic market and 1.4 thousand - for exported products and industrial services.

 

More detail information on producer price changes can be found in the CSB database in section Producer prices.

 

Press release on producer price changes in industry for May will be published on June 19.

 

More information:
Producer Price Indices Section
Baiba Alksnīte
Tel. +371 67366696