In November level of producer prices in industry increased by 0.3%

21.12.2015

According to the data of the Central Statistical Bureau of Latvia compared to October producer prices in industry in November 2015 rose by 0.3%. The level of prices of products sold on the domestic market increased by 0.2%, and prices of exported products – by 0.4%. The level of prices of products exported to euro area countries increased by 0.6% and of products exported to non-euro area countries – by 0.3%. Over a month changes of producer prices were mostly affected by price rise in the manufacture of paper and paper products, in the manufacture of basic pharmaceutical products and pharmaceutical preparations, in electricity and air conditioning.

In November 2015, compared to November 2014, the average level of producer prices in the Latvian industry fell by 1.7%. The prices of goods sold on the domestic market decreased by 2.4%, level of prices of exported products – by 0.9%. Prices of products exported to euro area countries decreased by 0.6% and of products exported to non-euro area countries – by 1.2%. The major price decrease was recorded in electricity, gas, steam and air conditioning supply (of 0.7 percentage points), manufacture of wood and products of wood, except of furniture (of 0.6 percentage points) and manufacture of food products (of 0.5 percentage points).

Producer price changes in November 2015, as per cent

 

Weight (%)

Price changes (%)

November 2015

compared to

October 2015

November 2014

Total industrial production

100.0

0.3

-1.7

 

Mining and quarrying

2.1

1.9

5.1

 

Manufacturing

74.3

0.2

-1.3

 

Electricity, gas, steam and air conditioning supply

20.2

0.3

-3.5

 

Water supply; sewerage, waste management and remediation activities

3.4

-0.3

-5.0

Products sold on the domestic market

100.0

0.2

-2.4

 

Mining and quarrying

1.6

0.1

0.7

 

Manufacturing

55.9

0.1

-1.5

 

Electricity, gas, steam and air conditioning supply

36.9

0.3

-3.7

 

Water supply; sewerage, waste management and remediation activities

5.6

-0.2

-4.0

Exported products

100.0

0.4

-0.9

 

of which:

 

 

 

 

mining and quarrying

2.7

3.0

8.0

 

manufacturing

94.5

0.3

-1.1

 

water supply; sewerage, waste management and remediation activities

0.9

-0.6

-11.7

 

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

Data source: Central Statistical Bureau of Latvia

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 December 2015 will be published on 22 January 2016.

 

Beate Danusēviča, Kristīne Romanovska
Information and Communication Section
media [at] csb [dot] gov [dot] lv
Tel.: +371 67366924, +371 67366621, +371 27880666
@CSB_Latvia 
 /csplatvija

 

More information:
Producer Price Indices Section
Rita Brice
rita [dot] brice [at] csb [dot] gov [dot] lv
Tel. +371 67366862