In July producer prices in industry reduced by 0.1%

21.08.2013

Compared to June, the overall level of producer prices in Latvian industry in July 2013 reduced 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 0.3%, whereas prices of exported products dropped by 0.5%.

The major price rise was recorded in manufacture of wood and of products of wood, except furniture (by 0.7%), manufacture of food products (by 0.5%) and in electricity, gas, steam and air conditioning supply (by 0.3%). Price fall in manufacture of computer, electronic and optical products (by 22.7%) and in waste collection, treatment and disposal activities; materials recovery (by 1.3%) had the greatest downward impact on the producer prices.

In July 2013, the overall level of producer prices in Latvian industry, compared to July of previous year, increased by 1.4%. The rise in prices of products sold on the domestic market comprised 0.7%, but prices of exported products rose by 2.3%. The major price increases were recorded in manufacture of food products (by 3.7%), manufacture of wood and of products of wood, except furniture (by 2.4%) and manufacture of basic metals (by 5.7%). Reduction of prices in manufacture of computer, electronic and optical products (by 22.6%) and in waste collection, treatment and disposal activities; materials recovery (by 7.2%) had the biggest downward impact on the producer prices.

Producer price changes in July 2013

 

Weights (%)

Price changes (%) in July 2013

compared to

June 2013

July 2012

Total industrial production

100.0

-0.1

1.4

 

Mining and quarrying

2.1

-0.5

4.0

 

Manufacturing

72.4

-0.2

2.2

 

Electricity, gas, steam and air conditioning supply

21.4

0.3

0.2

 

Water supply, sewerage, waste management and remediation activities

4.1

-0.9

-5.2

Products sold on the domestic market

100.0

0.3

0.7

 

Mining and quarrying

1.6

-0.1

4.0

 

Manufacturing

54.1

0.3

1.8

 

Electricity, gas, steam and air conditioning supply

38.2

0.3

-0.1

 

Water supply, sewerage, waste management and remediation activities

6.1

-0.5

-5.6

Exported products

100.0

-0.5

2.3

 

of which:

 

 

 

 

mining and quarrying

2.6

-0.7

4.0

 

manufacturing

92.2

-0.5

2.4

 

water supply, sewerage, waste management and remediation activities

2.0

-2.0

-3.6

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 August 2013 will be published on 20 September.

More information:
Producer Price Indices Section
Diāna Krūmiņa
Phone: +371 67366784