Producer prices in industry in 2013 have increased by 1.5%

22.01.2014

Compared to the average level of 2012, producer prices in Latvian industry in 2013 grew by 1.5% (prices of products sold on the domestic market increased by 0.8%, whereas prices of exported products - by 2.3%), according to the data of Central Statistical Bureau of Latvia. The major price increases were observed in the manufacture of leather and related products (by 10.9%), in printing and reproduction of recorded media (by 8.7%), in mining and quarrying (by 4.1%), in manufacture of machinery and equipment n.e.c. (by 3.7%) and in manufacture of wood and of products of wood, except furniture (by 3.5%). Major price decreases were observed in waste collection, treatment and disposal activities; materials recovery (by 5.5%) and in manufacture of textiles (by 2.1%).

In December 2013, compared to December of 2012, the overall level of producer prices in Latvian industry grew by 0.3%. The producer prices of products sold on the domestic market dropped by 0.6%, whereas prices of exported products rose by 1.3%. Price increase in manufacture of wood and of products of wood, except furniture had the greatest upward impact, but price drop in electricity, gas, steam and air conditioning supply had the greatest downward impact.

In December 2013, the overall level of producer prices in Latvian industry, compared to November, reduced by 0.7%. The fall in prices of products sold on the domestic market comprised 0.9%, but in prices of exported products - 0.4%. Major price drops were observed in electricity, gas, steam and air conditioning supply, but major price increases - in manufacture of wood and of products of wood, except furniture and in manufacture of other non-metallic mineral products.

Producer price changes in December 2013

 

Weights (%)

Price changes (%) in December 2013

compared to

November 2013

December 2012

Total industrial production

100.0

-0.7

0.3

 

Mining and quarrying

2.1

-0.4

1.1

 

Manufacturing

72.4

0.2

1.4

 

Electricity, gas, steam and air conditioning supply

21.4

-3.7

-2.7

 

Water supply, sewerage, waste management and remediation activities

4.1

-0.7

-3.5

Products sold on the domestic market

100.0

-0.9

-0.6

 

Mining and quarrying

1.6

-0.4

1.8

 

Manufacturing

54.1

0.3

1.3

 

Electricity, gas, steam and air conditioning supply

38.2

-2.7

-2.8

 

Water supply, sewerage, waste management and remediation activities

6.1

-1.0

-4.4

Exported products

100.0

-0.4

1.3

 

of which:

 

 

 

 

mining and quarrying

2.6

-0.5

0.6

 

manufacturing

92.2

0.1

1.5

 

water supply, sewerage, waste management and remediation activities

2.0

0.1

-0.3

More detail information on producer price changes can be found in the CSB database in section Producer prices.

 

Press release on producer price changes in industry for January 2014 will be published on 21 February.

 

More information:
Producer Price Indices Section
Diāna Krūmiņa
Tel. +371 67366784