On producer price changes in industry in August 2009

21.09.2009

Compared to July 2009, producer prices in Latvian industry in August 2009 remained unchangeable, according to the data of Central Statistical Bureau of Latvia. Over the year (compared to August 2008) producer prices have decreased by 9.3%.


Producer price changes in eight months of 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

2009

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

* Data are revised due to correction received from respondents



Compared to July overall level of producer prices in August 2009 was lowered by price decrease in the manufacture of paper and paper products, in the manufacture of electrical equipment and in the manufacture of basic metals (by 0.1 percentage point in each activity). At the same time main increasing impact had the price growth in the manufacture of wood and products of wood (except furniture) 1) and in printing and reproduction of recorded media (by 0.2 percentage points in each activity), in the manufacture of food products 2), in the manufacture of rubber and plastic products 3) (by 0.1 percentage point in each activity).

Over the year, the largest lowering impact on the overall level of producer prices had the price drop in the manufacture of basic metals (by 5.1 percentage points), in the manufacture of wood and products of wood (except furniture) (by 1.7 percentage points), in the manufacture of food products (by 1.4 percentage points), in waste collection, treatment and disposal activities; materials recovery (by 0.7 percentage points). However, the increase of the tariffs of electricity, gas, steam and air conditioning supply left the biggest upward impact on the overall level of producer prices (by 1.1 percentage points).



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


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1) mainly in sawmilling and planing of wood
2) mainly in processing and preserving of fish, as well as in production of meat and poultry meat products
3) mainly in the manufacture of plastic packing goods