In September producer prices in industry have increased by 0.3%

21.10.2013

Compared to August, the overall level of producer prices in Latvian industryin September 2013 increased by 0.3%, according to the data of Central Statistical Bureau of Latvia. The producer prices of products sold both on the domestic market, as well as prices of exported products grew by 0.3%. The most significant price growth was observed in manufacture of wood and products of wood, except of furniture, electricity, gas, steam and air conditioning supply and manufacture of food products. Price fall in manufacture of computer, electronic and optical products had the greatest downward impact.

In September 2013, the overall level of producer prices in Latvian industry, compared to September of previous year, increased by 1.5%. The rise in prices of products sold on the domestic market comprised 0.5%, but prices of exported products rose by 2.5%. Major price increases were observed in the manufacture of wood and of products of wood, except furniture and in the manufacture of food products. Reduction of prices in manufacture of computer, electronic and optical products and in waste collection, treatment and disposal activities; materials recovery had the biggest downward impact on the producer prices.

Producer price changes in September 2013

 

Weights (%)

Price changes (%) in September 2013

compared to

August 2013

September 2012

Total industrial production

100.0

0.3

1.5

 

Mining and quarrying

2.1

-0.1

3.6

 

Manufacturing

72.4

0.2

1.9

 

Electricity, gas, steam and air conditioning supply

21.4

0.5

1.3

 

Water supply, sewerage, waste management and remediation activities

4.1

0.8

-5.5

Products sold on the domestic market

100.0

0.3

0.5

 

Mining and quarrying

1.6

-0.5

4.5

 

Manufacturing

54.1

0.3

1.8

 

Electricity, gas, steam and air conditioning supply

38.2

0.3

-0.3

 

Water supply, sewerage, waste management and remediation activities

6.1

0.6

-5.7

Exported products

100.0

0.3

2.5

 

of which:

 

 

 

 

mining and quarrying

2.6

0.2

3.1

 

manufacturing

92.2

0.2

1.9

 

water supply, sewerage, waste management and remediation activities

2.0

1.6

-4.6

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 October 2013 will be published on 22 November.

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