The export and import price index has been calculated for the Czech Republic since 1998. The prices are measured by means of the national monthly statistical questionnaire
Ceny ZO 1-12.
The
price representatives were
chosen by economic subjects important for the external trade of the Czech Republic (by both production enterprises and enterprises engaged in foreign trade only) - about 580 of them engaged in exports and about 590 in imports. At present, the weight pattern includes approximately 2050 exported and 2100 imported products, raw materials and supplies - price representatives, which take up a significant share in the value of rather significant groups traded in the framework of external trade (both exports and imports).
The basis of implementation prices are invoiced prices of significant import and export trade transactions - they are converted into CZK by average monthly exchange rates declared by the Czech National Bank. This is carried out either by a reporting unit or the Czech Statistical Office if prices are reported in a foreign currency. The price indices reflect thus
changes in foreign exchange rates, too. The stated prices are free of duty, value added tax and consumer tax.
Breakdown of export and import price index adjusted by exchange rate influences has been published monthly since January 2011. This breakdown represents precentage points increment adjusted for foreign exchange rates. Further information can be found in External trade price analysis at
http://www.czso.cz/csu/produkty.nsf/engpodskupina?openform&:2011-E_2.02.3 - a
During the year 2006, the regular revision of price indices was accomplished which resulted in revised external trade price indices calculated on external trade
structure of 2005 with the index reference period the
2005 average. Price indices for period January 2005 – December 2006 were recalculated. The original indices for these years lose their validity.
The index is compiled according to the
Harmonized System and is converted to suit the breakdown by
SITC Rev. 4 main groups. The Czech Classification of Product by Activities (
CZ-CPA 2008) for the needs of national accounts and Eurostat is used from January of the year 2009. Abbreviation CZ expresses national version of an international standard.
Increase (decrease) of export and import prices show how many percent average price level increased (decreased) in comparison with average price level of the same period in previous year by.
The first estimates are definitive – it means, ordinary revisions (revisions for the purpose of more precise previous estimates without methodical changes or modification of computation concept) are not accomplished (see Revision Policy of CZSO).
Period: November 2011
| Y-O-Y Increase/Decrease (%): | Export: 5,8 |
 | Import: 7,6 |
Release date: 16 January 2012