In November level of producer prices in industry decreased by 0.1%

19.12.2014

According to the data of the Central Statistical Bureau of Latvia (CSB) compared to October producer prices in industry in November 2014 dropped by 0.1%. Prices of products sold on the domestic market fell by 0.5%. The prices of exported products rose by 0.3%, of which in exports to euro area countries increased by 0.1%, but in exports to non-euro area countries - by 0.4%. Over the month producer price changes were mostly affected by price drop in electricity, gas, steam and air conditioning supply.

In November compared to November of the previous year, the average level of producer prices in the Latvian industry remained the same. The producer prices of products sold on the domestic market dropped by 0.2%, but prices of exported products grew by 0.1%. The price rise in manufacture of wood and wood products, except furniture had greater increasing impact (of 0.4 percentage points). In turn, manufacture of food products and manufacture of computer, electronic and optical products had the most significant decreasing impact of 0.4 and 0.3 percentage points, respectively.

Producer price changes in November 2014

 

Weights (%)

Price changes (%)

November 2014

compared to

October 2014

November 2013

All industrial production

100.0

-0.1

0.0

 

Mining and quarrying

2.1

-0.2

1.1

 

Manufacturing

73.5

0.1

0.0

 

Electricity, gas, steam and air conditioning supply

20.4

-0.6

-0.9

 

Water supply; sewerage, waste management and remediation activities

4.0

-1.8

3.0

Products sold on the domestic market

100.0

-0.5

-0.2

 

Mining and quarrying

1.6

0.0

-0.2

 

Manufacturing

54.8

-0.1

-0.3

 

Electricity, gas, steam and air conditioning supply

36.9

-0.7

-0.8

 

Water supply; sewerage, waste management and remediation activities

6.7

-2.0

3.6

Exported products

100.0

0.3

0.1

 

of which:

 

 

 

 

mining and quarrying

2.6

-0.3

2.0

 

manufacturing

94.0

0.3

0.3

 

water supply, sewerage, waste management and remediation activities

1.2

-0.3

-2.0

 

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 the CSB with around 3.1 thousand prices, of which 1.6 thousand prices are for products sold on the domestic market and 1.5 thousand - for exported products and industrial services.

More detail information on producer price changes is available in the CSB database in section Producer prices.

Press release on producer price changes in industry in December will be published on 22 January.

 

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