Producer price indices in 2006

22.01.2007

Producer prices over the year (December 2006 over December 2005) in Latvian industry have increased on average by 13.2%. Compared to November, producer prices have increased by 0.7%. A year ago, in December 2005 prices rose by 7.0% compared to December 2004 but compared to November 2005 – by 0.4%.

Producer price changes in industry by the direction of product sale
(in per cent)

 

 

2006
over
2005

4th quarter of 2006 compared to

December 2006 compared to

3rd quarter of 2006

4th quarter of 2005

November 2006

December 2005

Industrial production, total of which:

10.3

3.9

12.8

0.7

13.2

sold on the domestic market

10.0

3.4

12.0

0.9

12.7

exported

10.9

4.7

14.0

0.3

13.9

Compared to November, the overall level of producer prices in December was raised mostly due to the increase of 0.7 percentage points in the prices of wood and of products of wood (except furniture), mainly in sawing, planing and impregnation. Price increases in the manufacture of food products and beverages (mainly in the processing and preservation of fish and fish products as well as in milk processing and cheese making) raised the overall price level by 0.2 percentage points.

The price increase of 4.1 percentage points in the manufacture of wood and of products of wood (except furniture) had the most substantial impact on the overall level of producer prices during the year. The overall level was raised by the following price increases: 2.0 percentage points in electricity, gas, steam and hot water supply, 1.5 percentage points in the manufacture of food products and beverages, 0.7 percentage points in the manufacture of non-metallic mineral products, 0.4 percentage points in the manufacture of fabricated metal products except machinery and equipment and 0.3 percentage points in the manufacture of machinery and equipment as well as in the manufacture of other transport equipment.

Prepared by the Producer Price Indices Section
Price Statistics Department
Aleksandrs Grzibovskis
Tel. 7366813