The overall price change was mainly influenced by a 6.8% decrease in prices for the production of the manufacture of refined petroleum products, 2.6% – chemicals and chemical products, 0.7% – food products, as well as by a 1.1% increase in prices for electricity, gas, steam and air conditioning supply (gas went up in price by 2.6%, steam and air conditioning supply – 1.9%, while electricity went down in price by 0.2%) (See Table 2).
Over the month, prices for industrial production sold on the Lithuanian market decreased by 0.2%. The largest decrease in prices was observed for the production of manufacture of refined petroleum products (3.4%), printing and reproduction of recorded media (3.4%), while increase – manufacture of leather and related products (2.8%), rubber and plastic products (2.3%). As for food products, the largest decrease in prices was observed for fruit, berry and vegetable juice (6.7%), sugar (5.1%), bread and fresh pastry (4.3%); yet an increase in prices was observed for prepared pet food (10.7%), rusks and biscuits, preserved pastry goods and cakes (3.8%).
Over the month, prices for products sold on the non-Lithuanian market dropped by 3.1%. A decrease in prices was observed for the production of extraction of crude petroleum (12.9%), refined petroleum products (7.6%) while increase – manufacture of other non-metallic mineral products (2.6%), computer, electronic and optical products (2.2%). Over the month, prices for industrial production sold on the euro area market decreased by 4.2%, on the non-euro area market – 2.3%.
Over the year (July 2015, against July 2014), prices for the total industrial production sold decreased by 8.8%, refined petroleum products excluded – 2.3%. The overall change in prices was mainly influenced by a decrease in prices for production of manufacture of refined petroleum products (24.6%) and an increase in prices for the production of chemicals and chemical products (10.1%). The largest decrease in prices was observed for the production of extraction of crude petroleum (36.1%), while increase – manufacture of chemicals and chemical products (10.1%).
The overall change in prices for industrial production sold is influenced not only by the rate of change in the price of a certain product but also by the relative share (weight) of the industrial production sold within certain economic activity in the total industrial production.
For more information on the issue, please see the Database of Indicators of Statistics Lithuania.
