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In January, level of producer prices in Latvian industry increased by 0.1%
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Of which in exports to euro area countries fell by 0.4% and in exports to non-euro area countries decreased by 0.1%. Over the month producer price changes were mostly affected by price rise in electricity.
In January, compared to January of the previous year, the average level of producer prices in the Latvian industry decreased by 0.3%. Producer prices of products sold on the domestic market grew by 0.1%, but prices of exported products reduced by 0.6%; of which in exports to euro area countries dropped by 0.5% and in exports to non-euro area countries decreased by 0.8%. The most significant price drop was in manufacture of food products (by 0.6 percentage points), but the largest increasing impact had price growth in electricity (by 0.2 percentage points).
Producer price changes in January 2015
|
|
Weights (%) |
Price changes (%) January 2015 compared to |
||
|
December 2014 |
January 2014 |
|||
|
Total industrial production |
100.0 |
0.1 |
-0.3 |
|
|
|
Mining and quarrying |
2.1 |
0.2 |
0.3 |
|
|
Manufacturing |
74.3 |
-0.1 |
-0.9 |
|
|
Electricity, gas, steam and air conditioning supply |
20.2 |
0.6 |
1.2 |
|
|
Water supply; sewerage, waste management and remediation activities |
3.4 |
1.7 |
4.6 |
|
Products sold on the domestic market |
100.0 |
0.5 |
0.1 |
|
|
|
Mining and quarrying |
1.6 |
-0.3 |
0.2 |
|
|
Manufacturing |
55.9 |
0.2 |
-0.9 |
|
|
Electricity, gas, steam and air conditioning supply |
36.9 |
0.7 |
0.6 |
|
|
Water supply; sewerage, waste management and remediation activities |
5.6 |
2.1 |
5.7 |
|
Exported products |
100.0 |
-0.3 |
-0.6 |
|
|
|
of which: |
|
|
|
|
|
mining and quarrying |
2.7 |
0.4 |
0.4 |
|
|
manufacturing |
94.5 |
-0.3 |
-1.0 |
|
|
water supply, sewerage, waste management and remediation activities |
0.9 |
-0.6 |
-2.5 |
 |
| Producer price changes over the corresponding month of the previous year, % |
This year data on producer prices are provided by more than 640 enterprises which for the calculation of index each month provide the CSB with around 3 thousand prices, of which 1.6 thousand prices are for products sold on the domestic market and 1.4 thousand – for exported products and industrial services.
More detail information on producer price changes can be found in the CSB database in section Producer prices.
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