Price index data are used for valuating consumer price index, producer price index, construction cost index and export/ import unit value indices.

Definitions

The construction cost index reflects changes in the costs of construction work performed during the reference period compared with the base period.

For the calculation of the CCI, the following components are compared: prices of the building materials used, hourly gross labour remuneration of construction workers, maintenance and operational costs of machinery and mechanical appliances.

Hourly gross labour remuneration of workers employed in construction broken down by main professions:
-    bricklayers and workers of related professions;
-    concrete workers and workers of related professions;
-    carpenters and builders;
-    workers carrying out finishing works (roofers, plasterers, sanitary technicians and others);
-    painters and workers of related professions;
-    electricians;
-    asphalt layers;
-    auxiliary workers of road building and construction of artificial structures;
-    assemblers;
-    welders.

The CCI is input price index, as it presents price changes for the main types of resources invested in the construction. The CCI does not include overheads, contractor’s profit indicators and efficiency changes, which is a part of output price index and presents price changes for the completed construction objects. 

The CCI is not a subject to seasonal corrections.

CPI reflects changes in the prices of consumer goods and services in a specified period of time. The CPI measures the average level of price changes in a fixed amount of selected goods and services (the consumer basket). This indicator is used as a principal measure of inflation in Latvia.

The CPI reference period is year 2015, which is expressed by 100 index points (2015 = 100). Price changes during a month, year or any other period are calculated on the basis of price indices. Price indices with the reference periods 2010 = 100, 2005 = 100, 2000 = 100 or December 1990 = 100 are used to calculate price changes over a longer period of time.

CPI is pure price index. It does not reflect the changes in purchasing/ consumption patterns or brands and does not reflect the effect of outlet and service provider substitution.

The export/import unit value index (EUVI and IUVI) characterises changes in the price level of exported and imported goods within the reporting period against the base period. The unit value index is a "price" index that measures average value changes in a heterogeneous cluster of units. Therefore, it may be influenced by changes both in the composition of this cluster and in individual prices.

The average unit value is obtained by dividing the value of exported/imported goods in monetary terms with the respective amount of the goods (weight, volume etc).

Producer price index in industry is an indicator characterizing price fluctuations of industrial production in a set period of time.

The base year or the year of comparison for the PPI is 2010 (2010=100). 

Data availability

Dissemination format and Release calendar

Theme Reference period Actual release datesort icon Remarks
Producer price changes in industry
  • August 2017
21.09.2017
Export and Import Unit Value Indices
  • July 2017
15.09.2017
Services producer price index
  • 2nd quarter 2017
13.09.2017
Construction cost index for new residential buildings
  • 2nd quarter 2017
05.09.2017
Construction cost index
  • July 2017
25.08.2017

News Releases


Date Title
27.03.2018 Changes of construction costs in February 2018

Publications

Download CSB publications on various time periods (starting from 2007) in section E-publications and subscribe for paper publications in section Publications.

Data on prices are published also in the monthly bulletins and statistical yearbooks. 

Theme Title Release datesort icon ZIP/PDF
General Statistics Monthly Bulletin of Latvian Statistics 2015/10 10.12.2015
General Statistics Monthly Bulletin of Latvian Statistics 2015/09 03.11.2015
General Statistics Monthly Bulletin of Latvian Statistics 2015/08 05.10.2015
General Statistics Monthly Bulletin of Latvian Statistics 2015/07 07.09.2015
General Statistics Monthly Bulletin of Latvian Statistics 2015/06 04.08.2015
General Statistics Monthly Bulletin of Latvian Statistics 2015/05 03.07.2015
General Statistics Monthly Bulletin of Latvian Statistics 2015/04 08.06.2015
General Statistics Latvia. Statistics in Brief, 2015 05.06.2015
General Statistics Monthly Bulletin of Latvian Statistics 2015/03 08.05.2015
General Statistics Monthly Bulletin of Latvian Statistics 2015/02 02.04.2015
General Statistics Statistical yearbook of Latvia, 2014 10.03.2015
General Statistics Monthly Bulletin of Latvian Statistics 2015/01 10.03.2015
General Statistics Monthly bulletin of Latvian statistics 2014/12 10.02.2015
Consumer Price Indices Consumer prices 2014/04 26.01.2015
General Statistics Monthly bulletin of Latvian statistics 2014/11 09.01.2015

Data collection and Statistical processing

Consumer price index

Producer price index in industry

Construction cost index

Export/import unit value indices

Last update

18.03.2014

Contact persons on methodologies

Name Surname Phone number Position Email
Ļubova Ņemsadze 67366783 daļas vadītājs Lubova.Nemsadze@csb.gov.lv

Name Surname Phone number Position Email
Nataļja Dubkova 67366644 daļas vadītājs Natalja.Dubkova@csb.gov.lv

Explanation of symbols

-

Magnitude zero

0

Less than half of the unit employed

...

Data not available or too uncertain for presentation

X

Figure not applicable because column heading and stub line make entry impossible, absurd or meaningless

.

Data not released for confidentiality reasons

If data are absolute numbers

0

Magnitude zero