In April producer prices in industry grew by 0.3%

23.05.2014

Compared to March, producer prices in industry in April 2014 rose by 0.3%, according to the data of Central Statistical Bureau of Latvia. The prices of products sold on the domestic market increased by 0.7%, and prices of exported products reduced by 0.3%; of which in exports to euro area countries - by 0.7% and in exports to non-euro area countries they remained the same. Over the month producer price changes were mostly affected by price rise in electricity, gas, steam and air conditioning supply.

In April, compared to April of the previous year, the overall level of producer prices in the Latvian industry grew by 0.8%. The producer prices of products sold on the domestic market rose by 0.1%, whereas prices of exported products - by 1.5%. The price rise in the manufacture of wood and wood products, except furniture (by 0.74 percentage points) and in electricity, gas, steam and air conditioning supply (by 0.39 percentage points) had the largest increasing impact. But price fall in manufacture of computer, electronic and optical products had the greatest downward impact (by 0.5 percentage points).

Producer price changes in April 2014

 

Weights (%)

Price changes (%) in April 2014

compared to

March 2014

April 2013

Total industrial production

100.0

0.3

0.8

 

Mining and quarrying

2.1

-0.2

0.7

 

Manufacturing

73.5

0.0

0.6

 

Electricity, gas, steam and air conditioning supply

20.4

1.0

1.9

 

Water supply, sewerage, waste management and remediation activities

4.0

1.3

-2.0

Products sold on the domestic market

100.0

0.7

0.1

 

Mining and quarrying

1.6

0.6

2.2

 

Manufacturing

54.8

0.2

1.1

 

Electricity, gas, steam and air conditioning supply

36.9

1.4

-1.4

 

Water supply, sewerage, waste management and remediation activities

6.7

1.5

-0.2

Exported products

100.0

-0.3

1.5

 

of which:

 

 

 

 

mining and quarrying

2.6

-0.7

-0.2

 

manufacturing

94.0

-0.1

0.3

 

water supply, sewerage, waste management and remediation activities

1.2

-0.6

-9.6

 

Producer price changes in % over the corresponding month of the previous year

Data source: Central Statistical Bureau of Latvia

This year data on producer prices are provided by more than 660 enterprises which, for the calculation of index, each month provide CSB with around 3.1 thousand prices, of which 1.6 thousand is on products sold on the domestic market and 1.5 thousand - on 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 20.

More information:
Producer Price Indices Section
Rita Brice
Tel. +371 67366862