In October, compared to September, industrial production prices increased by 0.4 percent, excluding oil derivatives – by 0.1 percent, according to a report by the Lithuanian Statistical Division.
The overall price change was mainly influenced by the rise in prices of petroleum products, chemicals and chemical products, and a decrease in the prices of beverages, rubber and plastic products.
The prices of industrial production sold on the Lithuanian market increased by 0.6 percent per month, excluding oil derivatives – by 0.1 percent.
Most – 9.3% – crude oil production has risen in price. Maximum – 4.8% – Drinks dropped in price. Fruit, berry fruit and vegetables prices increased by 12.4%, poultry and other meat products – 3.8%, sugar – 2.9%, but the prices of processed and preserved fruit and vegetables fell by 3.9% , cocoa, chocolate and candy – 3.8 percent, processed and canned poultry meat – 3.6 percent.
Prices of products sold on the non-Lithuanian market increased by 0.3 percent in the month, excluding oil derivatives – 0.2 percent.
Prices of products sold on the Eurozone market rose by 0.9% in the eurozone – almost unchanged.
During the year (October 2018, as compared to October 2017), all industrial production prices increased by 9.1%, excluding petroleum products – by 3.4%.
Industrial production prices on the domestic market increased by 5.8% a year, excluding oil derivatives – 2.6%.
Prices of products sold on the domestic market during the year increased by 11.5%, excluding petroleum products – by 4.1%.
Prices of products sold on the Eurozone market increased by 10.1% over the year, while the eurozone market grew by 12.1%.