On producer price changes in industry in November 2009

21.12.2009

Compared to October 2009, producer prices in Latvian industry in November 2009 decreased by 1.7%, according to the data of Central Statistical Bureau of Latvia. Over the year (compared to November 2008) producer prices have reduced by 9.0%.

Producer price changes in eleven 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

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

Compared to October overall level of producer prices in November 2009 was mostly influenced by price decrease in the manufacture of basic metals (by 0.6 percentage points), by decrease of the tariffs of electricity, gas, steam and air conditioning supply1) (by 0.5 percentage points), by price drop in the manufacture of food products2) (by 0.3 percentage points), in the manufacture of electrical equipment, in the manufacture of wood and products of wood (except furniture), in the manufacture of fabricated metal products, except machinery and equipment, in the manufacture of beverages (by 0.1 percentage point in each activity).

Over the year, drop of the tariffs of electricity, gas, steam and air conditioning supply had the biggest lowering impact on the overall level of producer prices (3.2 percentage points). The decrease of prices in the manufacture of food products lowered the producer price level by 1.8 percentage points, in the manufacture of wood and products of wood (except furniture) - by 1.6 percentage points, in the manufacture of basic metals - by 1.3 percentage points.

 

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

_________________________________
1) mainly in steam and air conditioning supply, as well as in distribution of gaseous fuels through mains
2) mainly in processing and preserving of fish, as well as in production of meat and poultry meat products