In June level of producer prices in industry increased by 0.4%

21.07.2015

According to the data of the Central Statistical Bureau of Latvia compared to May producer prices in industry in June 2015 rose by 0.4%.  The level of producer prices of products sold on the domestic market grew by 0.2%, prices of exported products - by 0.7%. The level of prices of products exported to euro area countries increased by 0.2%, but of products exported to non-euro area countries - by 0.9%. Over a month changes of producer prices were mostly affected by price rise in electricity and air conditioning, in the manufacture of basic pharmaceutical products and pharmaceutical preparations, as well as in the manufacture of spirits.

 

In June 2015, compared to June 2014, the average level of producer prices fell by 0.3%.The prices of goods sold on the domestic market reduced by 0.5%, whereas level of prices of exported products did not change. The most significant price drop was in the manufacture of food products (by 0.7 percentage points) and in the manufacture of wood and of products of wood, except furniture (by 0.4 percentage points).

 

Producer price changes in June 2015, as per cent

 

Weights (%)

Price changes (%)

June 2015

compared to

May 2015

June 2014

Total industrial production

100.0

0.4

-0.3

 

Mining and quarrying

2.1

1.5

4.1

 

Manufacturing

74.3

0.2

-0.8

 

Electricity, gas, steam and air conditioning supply

20.2

0.9

0.5

 

Water supply; sewerage, waste management and remediation activities

3.4

1.1

4.5

Products sold on the domestic market

100.0

0.2

-0.5

 

Mining and quarrying

1.6

-0.3

-0.1

 

Manufacturing

55.9

-0.4

-1.9

 

Electricity, gas, steam and air conditioning supply

36.9

1.0

0.7

 

Water supply; sewerage, waste management and remediation activities

5.6

0.7

5.2

Exported products

100.0

0.7

0.0

 

of which:

 

 

 

 

mining and quarrying

2.7

2.6

6.8

 

manufacturing

94.5

0.6

-0.2

 

water supply, sewerage, waste management and remediation activities

0.9

4.4

-0.1

 

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

    

 

 

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 July 2015 will be published on 21 August.

 

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