In August industrial producer prices increased by 0.9 %
Compared to July, producer prices in Latvian industry in August 2006 increased by 0.9%, according to the Central Statistical Bureau. Over the year (August 2006 over August 2005) producer prices have increased by 11.1%. In August 2005 prices increased by 1.2% compared to July but compared to August 2004 the increase was 6.2%.
Producer price indices and price changes in the eight months of 2006 were as follows:
in per cent
Price index(December 2005=100) |
Price changes compared to | |||
---|---|---|---|---|
previous month |
corresponding month of previous year | |||
2006.g. |
January |
101,3 |
1,3 |
7,1 |
February |
102,1 |
0,8 |
7,2 | |
March |
103,6 |
1,5 |
8,3 | |
April |
103,9 |
0,3 |
8,8 | |
May |
105,3 |
1,4 |
10,0 | |
June |
106,0 |
0,6 |
9,7 | |
July |
106,8 |
0,8 |
11,4 | |
August |
107,8 |
0,9 |
11,1 |
Producer price changes depending on the direction of product sales are shown in the table:
in per cent
August 2006 compared to | ||
---|---|---|
July 2006 |
August 2005 | |
Industrial production, total |
0,9 |
11,1 |
of which: | ||
sold on the domestic market |
0,7 |
10,1 |
exported |
1,2 |
12,4 |
in per cent
Price index July 2006 August 2006 Industry - Total 107,8 0,9 11,1 Mining and quarrying 112,7 1,7 16,6 Manufacturing 106,9 0,9 10,2 Manufacture of food products and beverages 103,4 0,9 6,7 Manufacture of textiles 99,4 -1,8 1,4 Manufacture of wearing apparel; dressing and dyeing of fur 105,3 0,1 7,4 Manufacture of wood and of products of wood (except furniture) 105,0 1,9 8,0 Manufacture of pulp, paper and paper products 103,9 -8,7 -2,6 Publishing, printing and reproduction of recorded media 98,8 1,8 3,3 Manufacture of chemicals, chemical products and man-made fibres 104,8 1,9 10,1 Manufacture of rubber and plastic products 105,6 0,1 9,6 Manufacture of non-metallic mineral products 114,8 1,9 18,0 Manufacture of fabricated metal products (except machinery and equipment) 107,4 -0,5 8,2 Manufacture of machinery and equipment 107,8 0,8 9,7 Manufacture of electrical machinery and apparatus 104,6 -1,6 5,4 Manufacture of other transport equipment1 110,4 0,3 12,8 Manufacture of furniture; manufacturing n.e.c. 99,9 -2,6 2,6 Electricity, gas and water supply 114,1 0,9 16,8 Electricity, gas, steam and hot water supply 114,5 0,9 17,3 Collection, purification and distribution of water 105,1 0,0 7,2
(December 2005 = 100)Price changes in August 2006 compared to
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1Shipbuilding and repair as well as the manufacture of railway rolling stock.
Compared to July, the overall level of producer prices in August was mostly raised (by 0.4 percentage points) by price increases in the manufacture of wood and of products of wood (except furniture); mainly in sawing, planing and impregnation. The overall price level was raised by 0.2 percentage points due to price increases in the manufacture of food products and beverages (mainly in the processing and preserving of fish and fish products) and by 0.1 percentage point in each of the following activities - publishing, printing and reproduction of recorded media, manufacture of chemicals, chemical products and man-made fibres and manufacture of non-metallic mineral products. The overall price level also increased by 0.1 percentage point due to the rise in the tariffs of electricity, gas, steam and hot water supply (mainly in steam and hot water supply). In the same period the fall in the prices in the manufacture of pulp, paper and paper products and in the manufacture of furniture and manufacturing n.e.c. had a lowering effect (by 0.1 percentage point).
Over the year the rise in the tariffs of electricity, gas, steam and hot water supply has made the greatest impact on the overall level of producer prices raising it by 2.0 percentage points. The overall price level was raised due to the following price increases: 1.6 percentage points in the manufacture of wood and of products of wood (except furniture), 1.5 percentage points in the manufacture of food products and beverages, 0.7 percentage points in the manufacture of non-metallic mineral products and 0.4 percentage points in the manufacture of other transport equipment.
Prepared by the Producer Price Indices Section
Price Statistics Department
Aleksandrs Grzibovskis
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