On producer price changes in industry in January 2012

21.02.2012

Compared to December 2011, the overall level of producer prices in Latvian industry in January 2012 increased by 1.8%, according to the data of the Central Statistical Bureau of Latvia. Prices of products sold in the domestic market grew by 2.3%, but prices of exported goods rose by 1.1%. Price changes in electricity, gas, steam and air conditioning supply (of 5.3%), in waste collection, treatment and disposal activities; materials recovery (of 6.8%), in manufacture of food products (of 1.0%), in manufacture of wood and products of wood (except furniture) (of 0.9%), and in manufacture of basic metals (of 2.1%) had the most significant upward impact on the overall level of producer prices.

Compared to January 2011, the overall level of producer prices in Latvian industry in January 2012 increased by 7.1%. The prices of goods sold in the domestic market grew by 9.4%, whereas prices of exported products increased by 4.1%. Major price increases were observed in electricity, gas, steam and air conditioning supply (of 18.0%), in manufacture of food products (of 5.3%), in manufacture of basic metals (of 8.6%), and in manufacture of wood and products of wood (except furniture) (of 3.5%).

Producer price changes over the corresponding month of the previous year

 

Producer price changes in industry in January 2012

 

Weights (%)

Price changes (%) in January 2012 as compared to

December 2011

January 2011

Total industrial production

100.0

1.8

7.1

 

Mining and quarrying

2.0

4.2

6.4

 

Manufacturing

71.5

0.5

4.4

 

Electricity, gas, steam and air conditioning supply

22.2

5.3

18.0

 

Water supply, sewerage, waste management and remediation activities

4.3

4.8

-1.2

Products sold in the domestic market

100.0

2.3

9.4

 

Mining and quarrying

1.3

1.4

10.2

 

Manufacturing

53.7

0.5

4.2

 

Electricity, gas, steam and air conditioning supply

39.2

4.8

19.3

 

Water supply, sewerage, waste management and remediation activities

5.8

2.2

-2.6

Exported products

100.0

1.1

4.1

 

of which:

 

 

 

 

mining and quarrying

2.9

5.8

5.1

 

manufacturing

93.2

0.4

4.5

 

water supply, sewerage, waste management and remediation activities

2.4

12.6

1.6

More detailed information is available in the CSB data base.

Press release on producer price changes in industry in February 2012 will be published on 21 March 2012.

 

Prepared by Producer Price Indices Section
Diāna Krūmiņa
Tel. 67366784