Producer prices in industry over the month do not change

19.09.2014

Compared to July, producer prices in industry in August 2014 have not changed, according to the data of Central Statistical Bureau of Latvia. Producer prices of products sold on the domestic market rose by 0.2%, but prices of exported products declined by 0.2%; of which prices in exports to euro area countries decreased by 0.5%, but to non-euro area countries - did not change.

In August 2014 compared to August of the previous year, the overall level of producer prices in the Latvian industry increased by 0.5%. Producer prices of products sold on the domestic market rose by 0.6%, and prices of exported products grew by 0.4%. Price rise in manufacture of wood and wood products, except furniture (of 0.5 percentage points) had the largest increasing impact. In turn decline of prices in manufacture of computer, electronic and optical products (of 0.3 percentage points) had the most significant downward impact.

Producer price changes in August 2014

 

Weights (%)

Price changes (%) in August 2014

compared to

July 2014

August 2013

All industrial production

100.0

0.0

0.5

 

Mining and quarrying

2.1

-2.6

-1.9

 

Manufacturing

73.5

-0.1

0.6

 

Electricity, gas, steam and air conditioning supply

20.4

0.5

-0.5

 

Water supply; sewerage, waste management and remediation activities

4.0

0.9

5.5

Products sold on the domestic market

100.0

0.2

0.6

 

Mining and quarrying

1.6

0.0

-0.4

 

Manufacturing

54.8

0.0

0.9

 

Electricity, gas, steam and air conditioning supply

36.9

0.3

-0.9

 

Water supply; sewerage, waste management and remediation activities

6.7

0.9

6.7

Exported products

100.0

-0.2

0.4

 

of which:

 

 

 

 

mining and quarrying

2.6

-4.3

-2.8

 

manufacturing

94.0

-0.2

0.5

 

water supply, sewerage, waste management and remediation activities

1.2

0.6

-2.4

 

Producer price changes in % over the corresponding month of the previous year

Data source: Central Statistical Bureau of Latvia

This year data on producer prices are provided by more than 660 enterprises which for the calculation of index each month provide the CSB with around 3.1 thousand prices, of which 1.6 thousand prices are for products sold on the domestic market and 1.5 thousand - for exported products and industrial services.

More detailed information on producer price changes is available in the CSB database in section Producer prices.

Press release on producer price changes in industry for September will be published on October 21.

 

More information:
Producer Price Indices Section
Rita Brice
Tel. +371 67366862