Manufacturing output prices almost 2 percent higher in January

Year-on-year increase in crude oil prices

Output prices are generally strongly influenced by the price of crude oil. In January 2025, the average price of a barrel of North Sea Brent crude stood at over 75 euros, almost 4 percent higher than in January 2024. In December, a barrel of crude cost nearly 70 euros, 1.5 percent less than in December 2023.

Year on year, prices for petroleum derivatives were down by 4.2 percent in January, while in December they were down by 7.9 percent. In the chemical sector too, output prices tend to track the price of crude oil. Output prices for chemical products were 2.3 percent higher in January 2025 than they were in January 2024. In December, they were down by 0.2 percent year on year.

Manufacturing output prices up on December

Output prices rose by 1.3 percent in January compared to December. Prices on the export market rose by 1.1 percent, while on the domestic market prices were up by 1.6 percent.