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Producer price in Latvian industry decreased by 0.4% in May

Diāna Krūmiņa, Statistics Latvia, 21.06.2012.Print version
Compared to April, the overall level of producer prices in the Latvian industry in May 2012 decreased by 0.4%, according to the data of the Central Statistical Bureau of Latvia. Compared to May 2011, the level of producer prices in the Latvian industry increased by 2.6%.

Equal price reduction (of 0.4%) was recorded both for products sold on the domestic market and for exported goods. The overall level of producer prices was mostly influenced by the price drop in the electricity, gas, steam and air conditioning supply (of 0.8%), in the manufacture of basic metals (of 2.1%), in the manufacture of food products (of 0.8%), as well as in the manufacture of wood and products of wood, except furniture (of 0.8%). In its turn, the increase of 2.0% in the mining and quarrying, of 0.8% in the manufacture of non-metallic mineral products, and of 1.0% in the manufacture of beverages had the most significant rising impact on the overall level of producer prices.


Producer price changes over the corresponding month of the previous year

Compared to May 2011, the overall level of producer prices in the Latvian industry in May 2012 increased by 2.6%. The prices of goods sold on the domestic market grew by 4.0%, whereas prices of exported products rose by 0.6%. The most notable price growth was recoded in the electricity, gas, steam and air conditioning supply (of 6.3%), in the manufacture of food products (of 1.7%), in the manufacture of non-metallic mineral products (of 6.5%), as well as in the mining and quarrying (of 8.0%).


Producer price changes in May 2012

 

Weights (%)

Price changes (%) in May 2012 compared to

April 2012

May 2011

Total industrial production

100.0

-0.4

2.6

 

Mining and quarrying

2.0

2.0

8.0

 

Manufacturing

71.5

-0.4

1.2

 

Electricity, gas, steam and air conditioning supply

22.2

-0.8

6.3

 

Water supply, sewerage, waste management and remediation activities

4.3

0.3

2.8

Products sold on the domestic market

100.0

-0.4

4.0

 

Mining and quarrying

1.3

0.3

5.4

 

Manufacturing

53.7

-0.1

1.4

 

Electricity, gas, steam and air conditioning supply

39.2

-0.9

7.4

 

Water supply, sewerage, waste management and remediation activities

5.8

0.6

5.4

Exported products

100.0

-0.4

0.6

 

of which:

 

 

 

 

mining and quarrying

2.9

2.8

9.6

 

manufacturing

93.2

-0.6

1.1

 

water supply, sewerage, waste management and remediation activities

2.4

-0.3

-9.0

 

More detailed information is available in the CSB data base.






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