Producer price indices - January 2019

Electricity prices rose significantly

25.02.2019
Code: 011047-19
 

In January 2019 compared with the previous month, agricultural producer prices (+1.4%), industrial producer prices (+1.0%) and construction work prices (+0.3%) were all higher. Prices of market services for businesses were lower by 0.6%. In comparison to January 2018, agricultural producer prices (+4.4%), industrial producer prices (+2.9%), construction work prices (+4.0%) and prices of market services for businesses (+2.7%) all went up.

 

Month-on-month comparison:
Agricultural producer prices increased by 1.4%. Prices of vegetables (+17.6%), milk (+1.4%), oil plants (+1.0%), cattle for slaughter (+0.9%), cereals (+0.7%) and pigs for slaughter (+0.5%) grew. On the decrease were prices of fruit (-1.2%) and poultry (-1.8%).

Prices of industrial producers were higher by 1.0%. Prices rose primarily in ‘electricity, gas, steam and air conditioning’ (+5.8%), thereof ‘electricity, transmission and distribution services’ (+7.4%), it was the highest price increasing since January 2009. Prices were higher in ‘mining and quarrying’ (+5.0%). Prices rose in ‘rubber and plastic products, other non-metallic mineral products’ (+1.2%), thereof especially ‘articles of concrete, cement and plaster’ (+4.8%). On the increase were also prices in ‘food products, beverages, tobacco’ (+0.6%), thereof ‘beverages’ (+1.5%) and ‘bakery and farinaceous products’ (+2.6%). Prices went up in ‘water supply; sewerage, waste management and remediation services’ (+2.9%). Prices went down primarily in ‘coke, refined petroleum products’. On the decrease were also prices in ‘chemicals and chemical products’ (-3.2%).

According to an estimate, construction work prices rose by 0.3% and construction material input prices grew by 0.7%.

Prices of market services for businesses dropped by 0.6%. On the decrease were prices of ‘advertising and market research services’ (-15.8%), ‘warehousing and support services for transportation’ (-2.0%), ‘architectural and engineering services’ (-0.7%) and ‘legal and accounting services’ (-0.5%). Increasing were prices of ‘management consulting services’ (+6.1%), ‘employment services’ (+2.9%), ‘computer programming, consultancy and related services’ (+2.4%), ‘publishing services’ (+1.1%) and ‘land transport services’ (+0.5%). Prices of market services for businesses excluding advertising services rose by 0.5%.

Year-on-year comparison:
Agricultural producer prices grew by 4.4% (+3.4% in December). Prices of crop products grew by 12.6% due to increasing prices of vegetables (+82.5%), potatoes (+49.5%), cereals (+16.3%) and oil plants (+7.3%). Lower were prices of fruit by 54.3%. Prices of animal products went down by 4.4%. Lower were prices of eggs (-29.4%), pigs for slaughter (-5.1%), cattle for slaughter (-3.4%) and milk (-2.3%).

Prices of industrial producers rose by 2.9% (+2.4% in December). Prices went up particularly in ‘electricity, gas, steam and air conditioning’ (+7.2%), thereof ‘electricity, transmission and distribution services’ (+9.3%), it was, as in the case of the month-on-month comparison, the highest price increasing since January 2009. Prices increased in ‘basic metals, fabricated metal products’ (+3.4%) and ‘rubber and plastic products, other non-metallic mineral products’ (+3.6%), thereof especially ‘articles of concrete, cement and plaster’ (+7.2%). Prices were higher in ‘mining and quarrying’ (+7.9%). On the increase were also prices in ‘food products, beverages, tobacco’ (+1.8%), thereof ‘beverages’ (+3.2%), ‘bakery and farinaceous products’ (+2.7%), ‘grain mill products, starches and starch products’ (+9.4%), on the other hand, lower were prices in ‘preserved meat and meat products’ (-1.1%). Prices went up in ‘water supply; sewerage, waste management and remediation services’ (+2.9%). On the decrease were prices only in ‘coke, refined petroleum products’, ‘chemicals and chemical products’ (-0.3%) and ‘electrical equipment’ (-0.2%).

Among the main industrial groupings, prices of ‘energy’ (+5.2%) increased the most.

According to an estimate, construction work prices rose by 4.0% (like in December after specification) and construction material input prices grew by 4.9% (like in December).

Prices of market services for businesses were higher by 2.7% (+2.2% in December). Increasing were prices in ‘employment services’ (+13.8%), ‘insurance, reinsurance and pension funding services, except compulsory social security’ (+8.4%), ‘security and investigation services’ (+8.2%), ‘postal and courier services’ (+6.6%), ‘management consulting services’ (+4.8%) and ‘advertising and market research services’ (+4.4%). On the increase were also prices of ‘real estate services’ (+3.3%) and ‘architectural and engineering services’ (+0.8%). Lower were prices of ‘warehousing and support services for transportation’ by 1.7%. Prices of market services for businesses excluding advertising services increased by 2.6% (+2.1% in December). 

Industrial producer prices in the EU – December 2018 (preliminary data)
According to the Eurostat News Releases, industrial producer prices went down in December by 0.8% (-0.5% in November) in EU28, month-on-month. The largest decrease was recorded in Denmark (-3.0%). Prices fell in the Czech Republic, Austria and Poland (-1.1% all), Slovakia (-0.9%) and Germany (-0.4%). Prices rose the most in Latvia (+0.7%).

Industrial producer prices were higher in December by 3.1% (+4.2% in November) in EU28, year-on-year. The highest increase was recorded in Estonia (+9.2%). Prices went up in Slovakia (+4.2%), Germany (+2.9%), the Czech Republic (+2.4%), Austria (+2.3%) and Poland (+2.1%). The only decreases were observed in Ireland (-0.4%) and Greece (-0.1%).

 

Notes:
Responsible manager of the CZSO: Jiri Mrazek, Department Director, phone (+420) 274 052 533, e-mail: jiri.mrazek@czso.cz
Contact: Jiri Sulc, phone (+420) 274 052 148, e-mail: jiri.sulc@czso.cz
Miloslav Beranek, phone (+420) 274 052 665, e-mail: miloslav.beranek@czso.cz
Data source: CZSO surveys
End of data collection / End of data processing:
Agricultural producer price indices: 26th calendar day of reference month / 8th calendar day of the following month
Industrial producer price indices: 20th calendar day of reference month / 9th calendar day of the following month
Market services price indices (business to business): 20th calendar day of reference month / 9th calendar day of the following month
Except for the construction work price indices, the published data are finalised. Estimates of the construction work price indices are carrying out on the 9th calendar day of the following day. Construction work price indices are updated using the finished quarterly survey and the finalised data are released on the 46th calendar day of the following quarter.
Related publications: 011041 - 18 Price Indices of Constructions Works, Price Indices of Constructions and Indices of Construction Costs
011044 - 18 Industrial Producer Price Indices
011045 - 18 Agricultural Producer Price Indices
011046 - 18 Market Services Price Indices in the Business Sphere
Internet: https://www.czso.cz/csu/czso/producer-prices-publications
Next News Release: 18 March 2019
Text not edited for language.

 

  •      aipc022519.docx
  • Annexes:
  • Table 1 Producer Price Indices
  • Table 2 Industrial Producer Price Index by Main Industrial Groupings
  • Table 3 Industrial Producer Price Index (breakdown of the growth - month-on-month, year-on-year)
  • Chart 1 Industrial Producer Price Indices (year-on-year changes, changes on base year 2015)
  • Chart 2 Construction Output Price Indices (year-on-year changes, changes on base year 2015)
  • Chart 3 Price Indices of Market Services for Businesses (year-on-year changes, changes on base year 2015)
  • Chart 4 Agricultural Producer Price Indices (year-on-year changes, changes on base year 2015)
  • Chart 5 Industrial Producer Price Indices – International Comparison (changes on base year 2015)
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Published: 25.02.2019
The data are valid as of the release date of the publication.


Contact: Information Services Unit - Headquarters, tel.: +420 274 056 789, email: infoservis@czso.cz