Level of producer prices in September rose by 0.1%

21.10.2014

Compared to August, level of producer prices in Latvian industry in September 2014 rose by 0.1%, according to the data of Central Statistical Bureau of Latvia. Prices of products sold on the domestic market rose by 0.2%, whereas of exported products – remained the same. Over the month producer price changes were mostly affected by price growth in electricity, steam and air conditioning supply.

In September 2014 compared to September of the previous year, the overall level of producer prices in the Latvian industry increased by 0.3%. The producer prices of products sold on the domestic market grew by 0.5%, whereas of exported products – by 0.1%. The most significant price rise was observed in the manufacture of wood and wood products, except furniture (by 0.5 percentage points), but the largest decreasing impact had reduction of prices in manufacture of food products (by 0.3 percentage points) and in manufacture of computer, electronic and optical products (by 0.2 percentage points).

Producer price changes in September 2014

 

Weights (%)

Price changes (%) in September 2014

compared to

August 2014

September 2013

Total industrial production

100.0

0.1

0.3

 

Mining and quarrying

2.1

1.4

-0.4

 

Manufacturing

73.5

-0.3

0.1

 

Electricity, gas, steam and air conditioning supply

20.4

1.1

0.1

 

Water supply; sewerage, waste management and remediation activities

4.0

1.5

6.3

Products sold on the domestic market

100.0

0.2

0.5

 

Mining and quarrying

1.6

-0.5

-0.3

 

Manufacturing

54.8

-0.7

-0.1

 

Electricity, gas, steam and air conditioning supply

36.9

1.3

0.1

 

Water supply; sewerage, waste management and remediation activities

6.7

1.7

8.0

Exported products

100.0

0.0

0.1

 

of which:

 

 

 

 

mining and quarrying

2.6

2.8

-0.4

 

manufacturing

94.0

0.0

0.2

 

water supply; sewerage, waste management and remediation activities

1.2

0.0

-3.9

 

Producer price changes in per cent 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 in October will be published on 24 November.

 

More information:
Producer Price Indices Section
Baiba Alksnīte
Tel. +371 67366696