Glossary

Price Index for industrial production determines the trend of prices for industrial production at the first stage of shipping (without value added tax and excises). The index is calculated monthly, based on statistical records of prices for 1860 representative products in approximately 300 industrial enterprises.

The research of product prices is based on the PRODMOLD 2013 nomenclature of industrial products, harmonized at European standard, 2013 list.

To develop the Industrial Production Price Index, only the transactions from the first trading stage are taken into account, when the products leave the production enterprises.

The object of commercial transactions carried out by the industrial producers to buyers refers to the products sold at the most detailed level (products-assortment). The list of these products is set preventively and is constant for a certain period of time with the possible update upon need.

Commercial transactions may be carried out on the domestic and non-domestic markets.

Observed variable represents the price associated with the transaction, which will be determined depending on the seller (economic unit), the specific nature of the product - subject to transaction, type of buyer, and other characteristics of the transaction.

The prices for the products sold by the economic units are registered separately for deliveries on the domestic and non-domestic markets.