Analytics, Industry, Latvia, Markets and Companies
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Saturday, 27.04.2024, 05:18
In August, the level of producer prices in Latvian industry increased by 0.1%
Print versionOver the month, changes in
producer prices were mainly affected by a price increase in manufacture of
fabricated metal products, except machinery and equipment, as well as in repair
and installation of machinery and equipment. A lowering effect on the prices
could be observed in manufacture of wood and of products of wood and cork,
except furniture, as well as in manufacture of food products.
Producer price changes in
August 2017 (as %)
|
|
Weights |
Price changes in August 2017, compared to |
|
|
July 2017 |
August
2016 |
||
|
Industrial
production – total |
100.0 |
0.1 |
3.3 |
|
Mining and
quarrying |
2.6 |
-0.4 |
0.8 |
|
Manufacturing |
78.1 |
0.1 |
4.0 |
|
Electricity, gas, steam and air conditioning supply |
15.3 |
0.0 |
-0.2 |
|
Water supply; sewerage, waste management and remediation activities |
4.0 |
0.6 |
6.8 |
|
Products sold on the domestic market |
100.0 |
0.1 |
3.3 |
|
Mining and
quarrying |
1.9 |
0.0 |
4.0 |
|
Manufacturing |
59.4 |
0.0 |
5.1 |
|
Electricity, gas, steam and air conditioning supply |
31.5 |
0.0 |
-0.2 |
|
Water supply; sewerage, waste management and remediation activities |
7.2 |
0.6 |
6.9 |
|
Exported
products |
100.0 |
0.1 |
3.3 |
|
Mining and
quarrying |
3.3 |
-0.6 |
-0.9 |
|
Manufacturing |
95.7 |
0.1 |
3.4 |
|
Water supply; sewerage, waste management and remediation activities |
1.0 |
0.7 |
6.2 |
In August 2017, compared
to August 2016, the average level of producer prices in Latvian industry
increased by 3.3%. Prices of
products sold on the domestic market, as well as those of exported products
grew by 3.3%. Prices of products exported to euro area countries rose by 3.8%
and of products exported to non-euro area countries – by 2.9%.
The most significant impact
was caused by a price increase in manufacture of food products, manufacture of
wood and of products of wood and cork, except furniture, as well as in waste
collection, treatment and disposal activities; materials recovery. The greatest
lowering effect was experienced in production and distribution of electricity.
Producer price changes as compared to the corresponding month of the previous year (as %)
This year information on producer prices in industry is provided by more than 610 enterprises, which inform the CSB about approximately 2.6 thousand prices every month – 1.4 thousand of which are related to products and industrial services sold on the domestic market, and 1.2 thousand relating to prices on the export markets, with the respective information being then used for index calculations.
More information on producer
price changes is available in the Producer Prices – Key
Indicators section of the CSB
website.
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