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Friday, 29.03.2024, 10:18
In July, producer prices in Latvian industry grew by 0.2%
The producer prices of products sold on the domestic market rose by 0.5%, but prices of exported products reduced by 0.2%; of which in exports to non-euro area countries decreased by 0.5%, but to euro area countries – rose by 0.3%. Over the month producer price changes were mostly affected by price increase in electricity, gas, steam and air conditioning supply.
In July, compared to July of the previous year, the overall level of producer prices in the Latvian industry increased by 0.7%. The producer prices of products sold on the domestic market rose by 0.5%, but prices of exported products grew by 0.9%. However, the largest increasing impact had the price rise in the manufacture of wood and wood products, except furniture (by 0.7 percentage points), but the largest decreasing impact had reduction of prices in manufacture of computer, electronic and optical products (by 0.2 percentage points).
Producer price changes in July 2014
|
Weights (%) |
Price changes (%) in July 2014 compared to |
||
June 2014 |
July 2013 |
|||
Total industrial production |
100.0 |
0.2 |
0.7 |
|
|
Mining and quarrying |
2.1 |
0.3 |
0.6 |
|
Manufacturing |
73.5 |
-0.2 |
0.6 |
|
Electricity, gas, steam and air conditioning supply |
20.4 |
1.0 |
0.4 |
|
Water supply, sewerage, waste management and remediation activities |
4.0 |
3.6 |
5.3 |
Products sold on the domestic market |
100.0 |
0.5 |
0.5 |
|
|
Mining and quarrying |
1.6 |
-0.9 |
0.2 |
|
Manufacturing |
54.8 |
-0.2 |
0.8 |
|
Electricity, gas, steam and air conditioning supply |
36.9 |
1.0 |
-0.9 |
|
Water supply, sewerage, waste management and remediation activities |
6.7 |
4.5 |
7.4 |
Exported products |
100.0 |
-0.2 |
0.9 |
|
|
of which: |
|
|
|
|
mining and quarrying |
2.6 |
1.1 |
0.9 |
|
manufacturing |
94.0 |
-0.3 |
0.5 |
|
water supply, sewerage, waste management and remediation activities |
1.2 |
-2.0 |
-5.0 |
Producer price changes in % over the corresponding month of the previous year |
Data source: Central Statistical Bureau of Latvia
This year data on producer prices are provided by more than 660 enterprises which, for the calculation of index, each month provide CSB with around 3.1 thousand prices, of which 1.6 thousand is on products sold on the domestic market and 1.5 thousand – on exported products and industrial services.
More detail information on producer price changes can be found in the CSB database in section Producer prices.