Industrial production prices in Lithuania rose 9.6% annually

Industrial production prices in Lithuania experienced a significant annual increase of 11.3%, according to recent agency data. Excluding refined oil products, the price rise stands at 7.2%. This trend reflects broader economic shifts impacting manufacturing and sales within the country.

On the international front, industrial products sold within the Eurozone market saw a 10% price increase year-on-year. Products sold outside the Eurozone market also experienced a rise, albeit at a lower rate of 7%. These figures indicate a general inflationary pressure affecting industrial goods across different markets.

However, a monthly analysis reveals a 2.4% decrease in industrial production prices in June compared to May. This decline is primarily attributed to a substantial 13% drop in the prices of refined oil products. Conversely, prices for chemicals and chemical products saw a slight increase of 1.1%. The data also notes a 4.7% rise in prices for wood and cork products, excluding furniture, while crude oil and natural gas prices plummeted by 17.8%.