Producer prices push higher

  • 2011-01-27
  • From wire reports

RIGA - Producer prices in Latvia in 2010, compared to 2009, increased by 3.1 percent, according to data from the Central Statistical Bureau, reports news agency LETA. Last year prices grew the most in the areas of waste collection, treatment and disposal activities; materials recovery (by 40.9 percent), in the manufacture of basic metals (by 24.5 percent), in the manufacture of wood and of products of wood, except furniture (by 10 percent).

Compared to December 2009, producer prices in industry in December 2010 increased by 8 percent. The rise in prices of products sold on the domestic market was 6.3 percent, but prices of exported products rose by 10.5 percent.
The changes of the input prices of electricity, gas, steam and air conditioning supply (up by 10.1 percent), in the manufacture of basic metals (by 43.8 percent), in the manufacture of wood and of products of wood, except furniture (by 10.5 percent) and in the manufacture of food products (by 7 percent) had the biggest upward impact on the overall level of producer prices.

Compared to November, the overall level of producer prices in Latvian industry in December 2010 increased by 0.3 percent. Growth of prices was observed both for goods sold on the domestic market (by 0.3 percent) and for exported goods (by 0.1 percent).