Over a month level of producer prices in industry remain the same

19.06.2015

According to the data of the Central Statistical Bureau of Latvia compared to April producer prices in industry in May 2015 remained the same.  Level of prices of products sold on the domestic market, as well as of exported products did not change. The prices of products exported to euro area countries increased by 0.3%, but of products exported to non-euro area countries - reduced by 0.2%. Over a month changes of producer prices were mostly affected by price drop in the manufacture of wood and of products of wood, except furniture, as well as by price rise in manufacture of electrical equipment and in the waste collection, treatment and disposal activities; materials recovery.

In May 2015, compared to May 2014, the average level of producer prices in Latvian industry fell by 0.1%. The producer prices of products sold both on the domestic market, as well as prices of exported products reduced by 0.1%. The prices of products exported to euro area countries decreased by 0.2%, but of products exported to non-euro area countries - remained at the level of the previous year. 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 0.3 percentage points).

Producer price changes in May 2015, as per cent

 

Weights (%)

Price changes (%)

May 2015

compared to

April 2015

May 2014

Total industrial production

100.0

0.0

-0.1

 

Mining and quarrying

2.1

0.0

2.7

 

Manufacturing

74.3

-0.1

-0.7

 

Electricity, gas, steam and air conditioning supply

20.2

0.0

1.1

 

Water supply; sewerage, waste management and remediation activities

3.4

1.1

3.4

Products sold on the domestic market

100.0

0.0

-0.1

 

Mining and quarrying

1.6

0.6

0.4

 

Manufacturing

55.9

-0.1

-1.5

 

Electricity, gas, steam and air conditioning supply

36.9

0.0

1.1

 

Water supply; sewerage, waste management and remediation activities

5.6

0.9

4.4

Exported products

100.0

0.0

-0.1

 

of which:

 

 

 

 

mining and quarrying

2.7

-0.3

4.3

 

manufacturing

94.5

0.0

-0.2

 

water supply, sewerage, waste management and remediation activities

0.9

2.9

-3.4

 

Producer price changes 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 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.

 

Information on producer price changes in industry for June 2015 will be published on 21 July.

 

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