Analytics, Industry, Lithuania, Markets and Companies

Prices for products sold on the domestic market over a month grew by 1.2%. The price change was mostly influenced by a 7.1% increase in prices for refined petroleum products, 3.1% – furniture, 2% – chemicals and chemical products, as well as by a 0.4% decrease in prices for electricity, 0.7% – gas, 7.3% – motor vehicles, trailers and semi-trailers.

Prices for food products increased by 0.4%: prices for prepared meals and dishes went up by 6.2%, cocoa, chocolate and sugar confectionary – 4.4%, rusks and biscuits, preserved pastry products – 2.7%, grain mill products – 2%, while prices for processed and preserved fruits and vegetables dropped by 4.7%, condiments and seasonings – 3.9%, poultry – 2.7%. Refined petroleum products excluded, prices for industrial production sold on the domestic market increased by 0.3%.

Prices for exported products in December 2010, compared to November, grew by 4.3%. This was mostly influenced by an 8.2% price increase in prices for refined petroleum products, 5.3% – chemicals and chemical products, 11.3% – crude petroleum, as well as by a 2.8% price drop in prices for metallic products, except machinery and equipment. Refined petroleum products excluded, prices for exported products grew by 1.6%.

Over a year (December 2010, compared to December 2009) prices for total industrial production sold grew by 16%. This price change was mostly determined by a 33.7% increase in prices for refined petroleum products, 47.8% – chemicals and chemical products, as well as by a 3.1% price drop in prices for repair and installation of machinery and equipment, 1.7% – other non-metallic mineral products, 1.7% – metallic products, except machinery and equipment. Refined petroleum products excluded, prices for industrial production sold increased by 10%.

Fig. 1. Changes in prices for industrial production sold over a month, compared to the previous month

* Revised data.

Prices for products sold on the domestic market over a year increased by 9.7%. The most remarkable impact on changes in prices was made by a 29.7% increase in prices for refined petroleum products, 7.6% – food products, 9.1% – electricity, 18.5% – gas, 17% – steam and hot water, as well as by a 3.5% price drop in prices for metallic products, except machinery and equipment, 4.6% – repair and installation of machinery and equipment.

Prices for exported products over a year grew by 22.5%. This price change was mostly influenced by a 35% increase in prices for refined petroleum products, 60.4% – chemicals and chemical products, 16.4% – food products, as well as by a 14% decrease in prices for beverages, 1.6% – wearing apparel, 2.9% – motor vehicles, trailers and semi-trailers.

Fig. 2. Changes in prices for industrial production sold over a year, compared to the corresponding month of the previous year

* Revised data.

Changes in prices for industrial production sold, December 2010, %

-  – the phenomenon (indicator) was not observed in the period in question.