On producer price changes in industry in April 2009

25.05.2009

Compared to March 2009, producer prices in Latvian industry in April 2009 decreased by 0.9%, according to the data of Central Statistical Bureau of Latvia. Over the year (compared to April 2008) producer prices have decreased by 2.6%.

Producer price changes (%) in four months of 2009 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

 

I quarter

-3.0

-2.3

-4.4

*4.1

9.4

-4.3

 

April

-0.9

-0.9

-0.9

-2.6

1.3

-9.0

* Data are updated due to specification of information provided by respondents.

Compared to March 2009, the overall level of producer prices in April 2009 was mostly reduced by the price decrease in the manufacture of wood and wood products, except furniture1 (by 0.3 percentage points), in the manufacture of food products2 and in the manufacture of basic metals (by 0.2 percentage points in each activity), in printing and reproduction of recorded media, in the manufacture of non-metallic mineral products, in the manufacture of machinery and equipment n.e.c., in waste collection, treatment and disposal activities; materials recovery3 (by 0.1 percentage point in each activity). At the same time the biggest increasing impact had the price growth of manufacture of fabricated metal products, except machinery and equipment4 (by 0.1 percentage point).

Over the year, the largest lowering impact on the overall level of producer prices had price drop in the manufacture of wood and wood products (except furniture) and in the manufacture of basic metals (by 2.7 percentage points in each activity), in waste collection, treatment and disposal activities; materials recovery (by 0.9 percentage points), in the manufacture of food products (by 0.5 percentage points). However, the increase of the tariffs of electricity, gas, steam and air conditioning supply left the biggest growth impact on the overall level of producer prices (by 3.9 percentage points).

Prepared by Producer Price Indices Section
Diāna Krūmiņa
Tel. 67366784

 


1 mainly in the manufacture of veneer sheets and wood-based panels
2 mainly in operation of dairies and cheese making, as well as in production of meat and poultry meat products
3 mainly in recovery of sorted materials
4 mainly in manufacture of metal structures and parts of structures