Analytics, Industry, Lithuania, Markets and Companies

The overall price change was mainly influenced by a 1.7% increase in prices for the production of the manufacture of refined petroleum products, 4 – chemicals and chemical products, as well as by a 1.9% decrease in prices for the production of electricity, gas, steam and air conditioning supply.

Over the month, prices for industrial production sold on the Lithuanian market decreased by 0.4%. The largest decrease in prices was observed for the production of manufacture of other non-metallic mineral products (3.3%), manufacture of computer, electronic and optical products (2.8%), manufacture of basic metals (2.8%), while increase – extraction of crude petroleum (8.4%), manufacture of textiles (3.6%). Prices for food products decreased by 0.5%, of which for prepared pet foods – 7.7, oils and fats – 3.8, grain mill products – 3.6%;  yet processed and preserved meat went up in price by 3%, cocoa, chocolate and sugar confectionery – by 1.6%.

Over the month, prices for products sold on the non-Lithuanian market grew by 0.9%. The increase in prices was observed for the production of extraction of crude petroleum (6%), other non-metallic mineral products (5%), while price drop was observed for the production of manufacture of electrical equipment (3.5%), furniture (1.1%). Over the month, prices for industrial production sold on the euro area market increased by 1.2%, on the non-euro area market – 0.7%.

Over the year (May 2015, against May 2014), prices for the total industrial production sold decreased by 6.6, refined petroleum products excluded – 2.6%. The overall change in prices was mainly influenced by a decrease in prices for production of manufacture of refined petroleum products (16.4%) and an increase in prices for the production of chemicals and chemical products (7.3%).

The largest decrease in prices was observed for the production of extraction of crude petroleum (25%), while increase – other mining and quarrying (8.6%).