In April producer prices in industry didn’t change significantly

23.05.2013

Compared to March, the overall level of producer prices in Latvian industry in April 2013 increased by 0.1%, according to the data of Central Statistical Bureau of Latvia. The producer prices of products sold on the domestic market rose by 1.1%, whereas prices of exported products reduced by 0.9%. The most significant price growth was recorded in manufacture of wood and products of wood, except furniture (by 1.2%), electricity, gas, steam and air conditioning supply (by 0.5%) and manufacture of food products (by 0.4%). Price fall in manufacture of basic metals (by 3.2%) and manufacture of wearing apparel (by 5.1%) had the greatest downward impact on the producer prices.

In April this year, compared to April of previous year, the overall level of producer prices in Latvian industry grew by 1.4%. The rise in prices of products sold on the domestic market was 1.4%, but prices of exported products rose by 1.5%. The most notable price increase was observed in manufacture of food products (by 3.4%) and in manufacture of wood and products of wood, except furniture (by 2.0%). Reduction of prices in manufacture of basic metals (by 7.7%) and waste collection, treatment and disposal activities; materials recovery (by 7.2%) had the biggest downward impact on the producer prices.

Producer price changes in April 2013

 

Weights (%)

Price changes (%) in April 2013

compared to

March 2013

April 2012

Total industrial production

100,0

0,1

1,4

 

Mining and quarrying

2,1

1,0

6,0

 

Manufacturing

72,4

0,0

1,9

 

Electricity, gas, steam and air conditioning supply

21,4

0,5

0,7

 

Water supply, sewerage, waste management and remediation activities

4,1

0,6

-4,5

Products sold on the domestic market

100,0

1,1

1,4

 

Mining and quarrying

1,6

0,5

2,9

 

Manufacturing

54,1

-0,2

1,5

 

Electricity, gas, steam and air conditioning supply

38,2

3,1

2,1

 

Water supply, sewerage, waste management and remediation activities

6,1

0,3

-4,5

Exported products

100,0

-0,9

1,5

 

of which:

 

 

 

 

mining and quarrying

2,6

1,3

7,6

 

manufacturing

92,2

0,1

2,1

 

water supply, sewerage, waste management and remediation activities

2,0

1,5

-3,7

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 2013 will be published on 21 June.

 

More information:
Producer Price Indices Section
Diāna Krūmiņa
Tel. 67366784