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Friday, 26.04.2024, 17:05
In July, level of producer prices in Latvian industry decreased by 0.5%
The level of prices of products exported to euro area countries decreased by 0.3% and of products exported to non-euro area countries – by 0.4%. Over a month changes of producer prices were mostly affected by price drop in steam, gas supply, electricity and air conditioning, in the manufacture of spirits, as well as in waste collection, treatment and disposal activities; materials recovery.
In July 2015, compared to July 2014, the average level of producer prices fell by 0.9%. The prices of goods sold on the domestic market reduced by 1.6%, level of prices of exported products – by 0.2%. The level of prices of products exported to euro area countries decreased by 0.5%, but of products exported to non-euro area countries remained the same. The most significant price drops were recorded in manufacture of food products (by 0.8 percentage points), manufacture of wood and products of wood, except of furniture (by 0.5 percentage points), electricity, gas, steam and air conditioning supply (by 0.3 percentage points).
Producer price changes in July 2015, as %
|
Weights (%) |
Price changes (%) July 2015 compared to |
||
June 2015 |
July 2014 |
|||
Total industrial production |
100.0 |
-0.5 |
-0.9 |
|
|
Mining and quarrying |
2.1 |
0.4 |
4.1 |
|
Manufacturing |
74.3 |
-0.2 |
-0.8 |
|
Electricity, gas, steam and air conditioning supply |
20.2 |
-1.1 |
-1.5 |
|
Water supply; sewerage, waste management and remediation activities |
3.4 |
-3.3 |
-2.5 |
Products sold on the domestic market |
100.0 |
-0.6 |
-1.6 |
|
|
Mining and quarrying |
1.6 |
-0.3 |
0.5 |
|
Manufacturing |
55.9 |
0.0 |
-1.7 |
|
Electricity, gas, steam and air conditioning supply |
36.9 |
-1.1 |
-1.4 |
|
Water supply; sewerage, waste management and remediation activities |
5.6 |
-3.3 |
-2.7 |
Exported products |
100.0 |
-0.4 |
-0.2 |
|
|
of which: |
|
|
|
|
mining and quarrying |
2.7 |
0.8 |
6.5 |
|
manufacturing |
94.5 |
-0.4 |
-0.3 |
|
water supply, sewerage, waste management and remediation activities |
0.9 |
-2.8 |
-1.0 |
Producer price changes over the corresponding month of the previous year, as % |
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.