On producer price changes in industry in 2009

22.01.2010

Compared to November 2009, producer prices in Latvian industry in December 2009 increased by 0.4%, according to the data of Central Statistical Bureau of Latvia. Over the year (compared to December 2008) producer prices have decreased by 8.0%.

Over the year (compared to December 2008) drop of the tariffs of electricity, gas, steam and air conditioning supply had the biggest lowering impact on the overall level of producer prices (3.3 percentage points). The decrease of prices in the manufacture of food products lowered the producer price level by 1.5 percentage points, in the manufacture of wood and products of wood (except furniture) - by 1.3 percentage points, in the manufacture of basic metals - by 1.1 percentage point.

Compared to November overall level of producer prices in December 2009 was mostly influenced by price rise in the manufacture of food products1) (by 0.2 percentage points), in the manufacture of wood and products of wood2) (except furniture), in printing and reproduction of recorded media, in the manufacture of beverages (by 0.1 percentage point in each activity).

Producer price changes in 2009


Price changes (%) compared to

 

previous period

corresponding period of previous year

 

industrial production, total

of which

industrial production, total

of which

 

sold on the domestic market

exported

sold on the domestic market

exported

Total in 2009

-4.7

-2.3

-8.8

-4.7

-2.3

-8.8

I quarter

-3.0

-2.3

-4.4

4.1

9.4

-4.3

II quarter

-3.5

-3.8

-3.1

-5.1

-1.7

-10.7

III quarter

-1.6

-2.7

0.2

-8.6

-5.6

-13.7

IV quarter

-0.7

-1.7

1.0

-8.6

-10.1

-6.2

January

-0.6

-0.7

-0.5

7.2

12.1

-0.8

February

-1.4

-1.2

-1.7

3.9

8.7

-4.0

March

-1.7

-1.0

-2.8

1.5

7.5

-8.0

April

-0.9

-0.9

-0.9

-2.6

1.3

-9.0

May

-0.9

-2.0

1.1

-4.8

-1.9

-9.9

June

-1.7

-1.8

-1.6

-7.8

-4.6

-13.1

July

-0.3

-0.8

0.5

-8.4

-5.2

-13.8

August

0.0

-0.1

0.2

-9.3

-6.0

-14.9

September

0.3

-0.2

1.1

-8.0

-5.6

-12.2

October

0.1

-0.7

1.4

-8.8

-9.9

-7.4

November

-1.7

-1.6

-1.8

-9.0

-10.7

-6.3

December

0.4

0.6

0.1

-8.0

-9.9

-5.0

 

Prepared by Price Statistics Department
Producer Price Indices Section
Diāna Krūmiņa
Tel. 67366784

_____________________________

1) mainly in operation of dairies and cheese making, as well as in production of meat and poultry meat products
2) mainly in sawmilling and planing of wood