On producer price changes in industry in July 2012

21.08.2012

Compared to June, the overall level of producer prices in the Latvian industry in July 2012 increased by 0.5%, according to the data of the Central Statistical Bureau of Latvia. The prices of products sold on the domestic market rose by 0.7%, whereas prices of exported products went up by 0.2%. Price growth in electricity, gas, steam and air conditioning supply (of 2.4%), in the manufacture of wood and of products of wood, except furniture (of 1.2%) and in the manufacture of computer, electronic and optical products (of 13.8%) had the most notable increasing impact on the overall level of producer prices. In its turn, price decrease in the manufacture of base metals (of 4.7%) and in the manufacture of fabricated metal products, except machinery and equipment (of 1.8%) had the most significant lowering impact on the overall level of producer prices.

Compared to July 2011, the overall level of producer prices in the Latvian industry in July 2012 increased by 2.1%. The prices of goods sold on the domestic market grew by 3.3%, whereas prices of exported products rose by 0.5%. The most notable price growth was recorded in electricity, gas, steam and air conditioning supply (of 6.4%), in the manufacture of food products (of 2.1%), in the manufacture of computer, electronic and optical products (of 24.8%) and in the manufacture of wood and of products of wood, except furniture (of 1.9%).

Producer price changes over the corresponding month of the previous year

 

Producer price changes in July 2012

 

Weights (%)

Price changes (%) in July 2012 compared to

June 2012

July 2011

Total industrial production

100.0

0.5

2.1

 

Mining and quarrying

2.0

0.0

8.1

 

Manufacturing

71.5

0.0

0.6

 

Electricity, gas, steam and air conditioning supply

22.2

2.4

6.4

 

Water supply, sewerage, waste management and remediation activities

4.3

-1.1

2.8

Products sold on the domestic market

100.0

0.7

3.3

 

Mining and quarrying

1.3

0.1

2.4

 

Manufacturing

53.7

-0.2

0.8

 

Electricity, gas, steam and air conditioning supply

39.2

2.1

6.9

 

Water supply, sewerage, waste management and remediation activities

5.8

-0.1

2.8

Exported products

100.0

0.2

0.5

 

of which:

 

 

 

 

mining and quarrying

2.9

-0.1

11.2

 

manufacturing

93.2

0.2

0.4

 

water supply, sewerage, waste management and remediation activities

2.4

-3.6

0.0

More detailed information is available in the CSB data base.
Press release on producer price changes in industry in August 2012 will be published on 21 September 2012.

 

Prepared by Producer Price Indices Section
Diāna Krūmiņa
tel 67366784