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Producer prices go up by 11.9%
07
Jul '08
Compared to April 2008, producer prices in Latvian industry in May 2008 increased by 1.3%, according to the data of Central Statistical Bureau of Latvia. Over the year (compared to May 2007) producer prices grew by 11.9%.

The price increase in the recycling increased the overall price level by 0.2 percentage points. However, most significantly the overall level of producer prices was lowered by the price decrease in the manufacture of wood and wood products (except furniture) – by 0.2 percentage points.

The price increase in the recycling increased the overall price level by 0.6 percentage points, in the manufacture of furniture; manufacturing n.e.c. – by 0.5 percentage points, in the manufacture of chemicals, chemical products and man-made fibres – by 0.4 percentage points in each economic activity.

In the meantime, the greatest lowering impact (by 1.3 percentage points) was furthered by the price decrease in the manufacture of wood and wood products (except furniture).

Central Statistical Bureau of Latvia

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