On producer price changes in industry in January 2013

21.02.2013

Compared to December 2012, the overall level of producer prices in the Latvian industry in January 2013 increased by 0.3%, according to the data of the Central Statistical Bureau of Latvia. The prices of products sold on the domestic market rose by 0.1%, whereas prices of exported products increased by 0.6%. The most significant price growth was recordedin printing and reproduction of recorded media (of 11.5%), in manufacture of wearing apparel (of 2.3%), in manufacture of base metals (of 1.5%) and in manufacture of computer, electronic and optical products (of 1.4%).

Compared to January 2012, the overall level of producer prices in the Latvian industry in January 2013 rose by 2.1%. The prices of goods sold on the domestic market grew by 1.9%, whereas prices of exported products rose by 2.3%. The most notable price increase was registered in manufacture of food products (of 4.2%), in electricity, gas, steam and air conditioning supply (of 1.7 %) and in printing and reproduction of recorded media (of 19.3%).

Producer price changes in January 2013

 

Weights (%)

Price changes (%) in January 2013 compared to

December 2012

January 2012

Total industrial production

100.0

0.3

2.1

 

Mining and quarrying

2.1

0.4

5.8

 

Manufacturing

72.4

0.6

2.2

 

Electricity, gas, steam and air conditioning supply

21.4

-0.6

1.7

 

Water supply, sewerage, waste management and remediation activities

4.1

0.8

0.9

Products sold at the domestic market

100.0

0.1

1.9

 

Mining and quarrying

1.6

0.4

2.9

 

Manufacturing

54.1

0.2

1.7

 

Electricity, gas, steam and air conditioning supply

38.2

-0.2

2.1

 

Water supply, sewerage, waste management and remediation activities

6.1

0.6

2.7

Exported products

100.0

0.6

2.3

 

of which:

 

 

 

 

mining and quarrying

2.6

0.4

7.4

 

manufacturing

92.2

0.8

2.5

 

water supply, sewerage, waste management and remediation activities

2.0

1.3

-3.7

In January 2013, similarly to the previous years, the weights used in the calculations of producer price index were updated.The breakdown of products sold in 2011, which complies with NACE Rev. 2 classification, is applied.The prices of December of the previous year serve as the base prices.In order to ensure consistency between the weights and the price base period, the weights have been recalculated into prices of December 2012.

More detailed information is available in the CSB data base.

Press release on producer price changes in industry for February 2013 will be published on 21 March 2013.

 

Prepared by Producer Price Indices Section
Diāna Krūmiņa
tel 67366784