Analytics, Industry, Latvia, Statistics
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Thursday, 18.04.2024, 09:18
Latvia: Over a month level of producer prices in industry remained the same
Over the
month, the most significant impact on producer prices was made by the price
drop in distribution of electricity, gas supply, manufacture and trade of
electricity. Manufacture of wood and of products of wood and cork, except
furniture, as well as manufacture of selected food products had upward effect.
In
January 2020, compared to January 2019, the average level of producer
prices in Latvian industry fell by 1.3%. The level of prices of products sold on the
domestic market has dropped by 1.0 %, and prices of exported products – by
1.5%. Prices of products exported to euro area countries have reduced by 1.7%
and of products exported to non-euro area countries – by 1.3%.
Producer price changes in January 2020
(as per cent)
|
Weights |
Price
changes in January 2020 compared to |
|
December 2019 |
January 2019 |
||
Industrial production – total |
100.0 |
0.0 |
-1.3 |
Mining and quarrying |
2.6 |
-0.1 |
0.1 |
Manufacturing |
76.7 |
0.6 |
-1.4 |
Electricity, gas, steam and air conditioning supply |
16.7 |
-3.0 |
-1.2 |
Water supply; sewerage, waste management and
remediation activities |
4.0 |
1.6 |
-0.1 |
Products sold on the domestic market |
100.0 |
-0.7 |
-1.0 |
Mining and quarrying |
2.0 |
-0.3 |
1.1 |
Manufacturing |
55.8 |
0.3 |
-1.4 |
Electricity, gas, steam and air conditioning supply |
34.7 |
-3.0 |
-1.2 |
Water supply; sewerage, waste management and
remediation activities |
7.5 |
2.2 |
2.4 |
Exported products |
100.0 |
0.7 |
-1.5 |
Mining and quarrying |
3.2 |
0.1 |
-0.4 |
Manufacturing |
96.0 |
0.7 |
-1.4 |
Water supply; sewerage, waste management and
remediation activities |
0.8 |
-4.1 |
-15.9 |
Manufacture
of wood and of products of wood and cork, except furniture, had the most
significant downward impact on the producer price changes during the year.
Manufacture of selected food products had upward 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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