Analytics, Industry, Latvia, Statistics

International Internet Magazine. Baltic States news & analytics Saturday, 21.09.2019, 20:51

In April level of producer prices in industry increased by 0.4%

Avita Zandberga Producer Price Indices Section, 23.05.2019.Print version
Data of the Central Statistical Bureau (CSB) show that, compared to March, in April 2019 the level of producer prices in Latvian industry rose by 0.4 %. Prices of products sold on the domestic market grew by 0.6 %, but prices of exported products – by 0.2%. Prices of products exported to euro area countries remained the same, whereas prices of products exported to non-euro area countries rose by 0.4%.

Over the month producer price changes were mostly affected by price rise in manufacture of selected food products, manufacture of other non-metallic mineral products as well as in distribution of electricity and heat supply. Manufacture of products of wood and cork, except furniture, had downward effect.


Producer price changes in industry; April 2019
(as per cent)

 

Weights

Price changes in April 2019, compared to

March 2019

April 2018

Industrial production – total

100.0

0.4

3.8

Mining and quarrying

2.6

-0.3

3.4

Manufacturing

77.4

0.4

2.6

Electricity, gas, steam and air conditioning supply

16.1

0.5

8.0

Water supply; sewerage, waste management and remediation activities

3.9

-0.6

11.5

Products sold on the domestic market

100.0

0.6

6.0

Mining and quarrying

1.9

0.6

4.0

Manufacturing

57.2

0.7

3.8

Electricity, gas, steam and air conditioning supply

33.9

0.5

8.0

Water supply; sewerage, waste management and remediation activities

7.0

-0.3

14.1

Exported products

100.0

0.2

1.8

Mining and quarrying

3.2

-0.8

3.1

Manufacturing

95.7

0.3

1.9

Water supply; sewerage, waste management and remediation activities

1.1

-2.1

-2.3


Compared to April 2018, in April 2019 average level of producer prices in Latvian industry increased by 3.8%. The level of prices of products sold on the domestic market rose by 6.0% and that of exported products – by 1.8%.  Prices of products exported to euro area countries grew by 1.6 % and of products exported to non-euro area countries by – 2.1%.

Trade and manufacture of electricity, heat and gas supply, manufacture of selected food products, as well as manufacture of wood and of products of wood and cork, except furniture, had the most notable upward effect. Manufacture of fabricated metal products, except machinery and equipment had downward effect.


This year, information on producer prices in industry is provided by more than 600 enterprises, which inform the CSB about approximately 2.4 thousand prices every month – 1.3 thousand of which are related to products and industrial services sold on the domestic market and 1.1 thousand relating to prices on the export markets, with the respective information being then used for index calculations.







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