Manufacturing output prices nearly 2 percent lower in January

Larger year-on-year decrease in price of crude oil

Output prices generally reflect the price of crude oil. In January 2026, the average price of a barrel of North Sea Brent crude stood at almost 55 euros, down by over 27 percent year on year. In December 2025, a barrel of crude cost 52.5 euros, down by nearly 25 percent, year on year.

Prices for petroleum derivatives were down by 15.8 percent in January, year on year, while in December they were down by 12.0 percent. Output prices in the chemical sector also tend to track the price of crude oil. In January 2026, output prices for chemical products were 5.8 percent lower than they were in January 2025. In December, they were down by 4.5 percent, year on year.

Manufacturing output prices up on December

Output prices rose by 0.9 percent in January compared to December. On the export markets, prices rose by 1.2 percent, while on the domestic market they were up by 0.6 percent.