Analytics, Industry, Latvia, Markets and Companies
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Friday, 29.03.2024, 15:30
In June, the level of producer prices in Latvian industry increased by 0.5%
The prices of products exported
to euro area countries rose by 0.5% and of products exported to non-euro area
countries – by 0.1%.
During the month, changes in
producer prices were mainly affected by a price increase in steam and air
conditioning supply, distribution of electricity, as well as in the manufacture
of food products. A lowering effect on the prices could be observed in the
manufacture of chemicals and chemical products, as well as in the manufacture
of beverages.
Producer price changes in June 2017, as %
|
Weights
(%) |
Price changes (%) June 2017 compared to |
||
May 2017 |
June 2016 |
|||
Industrial
production – total |
100.0 |
0.5 |
3.1 |
|
|
Mining and
quarrying |
2.6 |
-0.1 |
1.1 |
|
Manufacturing |
78.1 |
0.3 |
3.2 |
|
Electricity, gas, steam and air conditioning supply |
15.3 |
1.3 |
2.5 |
|
Water supply; sewerage, waste management and remediation activities |
4.0 |
0.3 |
5.7 |
Products sold on the domestic market |
100.0 |
0.7 |
3.4 |
|
|
Mining and
quarrying |
1.9 |
0.0 |
1.8 |
|
Manufacturing |
59.4 |
0.4 |
3.8 |
|
Electricity, gas, steam and air conditioning supply |
31.5 |
1.3 |
2.5 |
|
Water supply; sewerage, waste management and remediation activities |
7.2 |
0.2 |
5.9 |
Exported
products |
100.0 |
0.2 |
2.8 |
|
|
Mining and
quarrying |
3.3 |
-0.1 |
0.8 |
|
Manufacturing |
95.7 |
0.3 |
2.9 |
|
Water supply; sewerage, waste management and remediation activities |
1.0 |
0.9 |
4.6 |
Compared to June 2016, in
June 2017 the average level of producer prices in Latvian industry
increased by 3.1%. The prices of
products sold on the domestic market have increased by 3.4%, while those of
exported products have grown by 2.8%. The prices of products exported to euro
area countries have grown by 3.2% and of products exported to non-euro area
countries – by 2.5%.
The most significant impact
was caused by a price increase in the manufacture of food products, manufacture
of wood and of products of wood and cork, except furniture, as well as in
distribution of electricity. The greatest lowering effect was experienced in
the production of electricity, as well as in the manufacture of computer,
electronic and optical products.
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.