Analytics, Industry, Latvia, Markets and Companies

The overall price change was mainly influenced by a 2.9% decrease in prices for the production of the manufacture of refined petroleum products, 1.3% – chemicals and chemical products, 0.7% – food products, as well as by a 0.7% increase in prices for the production of electricity, gas, steam and air conditioning supply, 1.6% – manufacture of wearing apparel.

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 Lithuanian market over a month (in August 2011, against July) dropped by 0.5%. This price change was mostly determined by a decrease in prices for the production of the manufacture of refined petroleum products – by 2.5%, chemicals and chemical products – 3.7%, food products – 0.6%, as well as by an increase in prices for electricity, gas, steam and air conditioning supply production – by 0.7%, production of the manufacture of rubber and plastic products – 0.9%. 

As regards the food products, the highest price drop was observed in prices for processed and preserved potatoes – by 13.6%, prepared feeds for farm animals – 3.7%, grain mill products – 3.1%, while prices for processed and preserved fruit and vegetables grew by 5.2%.

Over the month, prices for products sold on the non-Lithuanian market dropped by 1.5%. This was mostly influenced by a 3% decrease in prices for the production of the manufacture of refined petroleum products, 0.8% – chemicals and chemical products, as well as by a 2.8% increase in prices for wearing apparel, 1.6% – production of the manufacture of computer, electronic and optical products.  

Over the year (August 2011, compared to August 2010), prices for total industrial production sold grew by 13.9%. The greatest price rise was observed in prices for the extraction of crude petroleum – by 38.5%, production of the manufacture of chemicals and chemical products – 30.4%, production of the manufacture of refined petroleum products – 29.2%, while prices for the production of the manufacture of computer, electronic and optical products dropped by 8.5%, printing and reproduction of recorded media – 2.8%, production of the manufacture of motor vehicles, trailers and semi-trailers – 2.5%.

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

* Revised data. 

Prices for products sold on the Lithuanian market over a year increased by 10.5%. The most remarkable price rise was observed in prices for the production of the manufacture of refined petroleum products – by 29.4%, extraction of crude petroleum – 29.1%, production of the manufacture of chemicals and chemical products – 19.1%, while prices for waste collection, treatment and disposal activities; materials recovery products dropped by 5.7%, production of the manufacture of machinery and equipment n.e.c. – by 3.7%. 

Prices for products sold on the non-Lithuanian market over a year grew by 17.2%. The greatest price rise was observed in prices for the extraction of crude petroleum – 43.6%, production of the manufacture of chemicals and chemical products – 34%, refined petroleum products – 29.3%, while prices for the production of the manufacture of computer, electronic and optical products went down by 11.5%, production of the manufacture of motor vehicles, trailers and semi-trailers – 3.5%.

Table 1. Changes in prices for industrial production sold, August 2011, %

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

Table 2. Industrial production whose influence on a monthly (August 2011, against July)

Change in prices for industrial production sold was the greatest, by economic activity

Percentage points