In May producer prices in industry increased by 0.3%

21.06.2013

Compared to April, the overall level of producer prices in Latvian industry in May 2013 increased by 0.3%, according to the data of Central Statistical Bureau of Latvia. The producer prices of products sold on the domestic marketdropped by 0.2%, whereas prices of exported products grew by 0.7%.

Major price increase was observed in the manufacture of wood and of products of wood, except furniture (by 1.3%) and manufacture of basic metals (by 3.5%). Price fall in electricity, gas, steam and air conditioning supply (by 0.5%) and waste collection, treatment and disposal activities; materials recovery (by 2.0%) had the greatest downward impact on the producer prices.

In May 2013, the overall level of producer prices in Latvian industry, compared to May of previous year, increased by 2.2%. The rise in prices of products sold on the domestic market comprised 1.7%, but prices of exported products rose by 2.7%. The most significant price rises were recorded in manufacture of food products (by 4.3%), manufacture of wood and products of wood, except of furniture (by 4.2%), electricity, gas, steam and air conditioning supply (by 1.0%). Reduction of prices in waste collection, treatment and disposal activities; materials recovery (by 8.6%) and manufacture of basic metals (of 2.4%) had the biggest downward impact on the producer prices.

Producer price changes in May 2013

 

Weights (%)

Price changes (%) in May 2013

compared to

April 2013

May 2012

Total industrial production

100.0

0.3

2.2

 

Mining and quarrying

2.1

1.1

5.0

 

Manufacturing

72.4

0.6

2.9

 

Electricity, gas, steam and air conditioning supply

21.4

-0.5

1.0

 

Water supply, sewerage, waste management and remediation activities

4.1

-1.4

-6.2

Products sold on the domestic market

100.0

-0.2

1.7

 

Mining and quarrying

1.6

1.1

3.7

 

Manufacturing

54.1

0.4

2.0

 

Electricity, gas, steam and air conditioning supply

38.2

-0.9

2.2

 

Water supply, sewerage, waste management and remediation activities

6.1

-0.6

-5.7

Exported products

100.0

0.7

2.7

 

of which:

 

 

 

 

mining and quarrying

2.6

1.1

5.8

 

manufacturing

92.2

0.7

3.4

 

water supply, sewerage, waste management and remediation activities

2.0

-3.9

-7.2

More detail information on producer price changes can be found in the CSB database in section Producer prices. Information on producer price changes in industry for June 2013 will be published on 19 July.

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