Producer price indices - 4 quarter
18.01.2011
Code: q-7032-10
Compared to Q3 2010, agricultural producer prices grew by 7.4% in Q4 2010. Prices of crop products and animal products increased by 13.1% and 1.2%, respectively. The growth was recorded in prices of cereals, oil plants, fruit and potatoes (+24.2%, +19.1%, +7.9% and +3.3%, respectively). Lower were prices of vegetables (-4.1%). Among animal products price increases were recorded in cattle for slaughter (+0.4%), poultry (+1.9%), eggs (+3.2%) and milk (+5.2%). Prices of pigs for slaughter decreased by 6.6%.
Prices of agricultural producers in Q4 2010 compared to Q4 2009 were by 22.8% higher (+7.9% in Q3 2010, -2.9% in Q2 2010). The price growth came mainly from crop products (+37.9%); prices of animal products grew by 8.6%. Higher prices in crop products were mainly affected by prices of cereals (+48.8%) and potatoes (+71.4%). On the increase were prices of oil plants (+40.2%), fruit (+51.5%) and vegetables (+38.0%). Prices of animal products were higher due to price growth of milk (+25.7%), cattle for slaughter (+1.8%) and poultry (+1.3%). Prices of eggs and pigs for slaughter were 16.2% and 4.5% down, respectively.
In Q4 2010, compared to the previous quarter, industrial producer prices increased by 0.7%. Prices went up primarily in ‘coke, refined petroleum products’ (+2.4%), ‘food products, beverages, tobacco’ (+1.8%) and ‘chemicals and chemicals products’ (+1.5%). Prices went down in ‘transport equipment’ and ‘computer, electronic ad optical products’ (-0.6% both).
Prices of industrial producer increased by 3.0% (+2.2% in Q3 2010), year-on-year. Prices rose in ‘coke, refined petroleum products’ (+24.7%), ‘chemicals and chemical products’ (+12.2%), ‘basic metals, fabricated metal products’ (+9.7%) and ‘mining and quarrying’ (+8.2%). Prices grew in ‘food products, beverages, tobacco’ (+1.1%). Prices fell more significantly in ‘basic pharmaceutical products’ (-4.0%) and ‘transport equipment’ (-3.7%).
According to an estimate, construction work prices in Q4 2010 compared to Q3 2010 stayed unchanged; prices of construction material input increased by 0.2%.
According to an estimate, construction work prices in Q4 2010 compared to the corresponding period of 2009 decreased by 0.3%, prices of construction material input increased by 2.5%.
In comparison to Q3 2010, prices of market services increased by 0.8% in Q4 2010. Higher were mainly prices of advertising and market research services by 9.0%. On the increase were prices in financial services, except insurance and pension funding (+2.2%). By contrast, prices in insurance services dropped by 3.1%.
In Q4 2010 prices of market services fell c ompared to Q4 2009 by 1.1% in total. The development of total price level was affected mainly by prices in advertising and market research services, which were 7.0% down. On the decrease were prices of insurance services (-3.8%), telecommunication services and architectural and engineering services (both -1.0%). By contrast, higher were prices in employment services and postal and courier services by 4.1 and 3.1%, respectively.
Price development in 2010
Agricultural producer prices grew by 5.4% in total over the year 2010 (-24.8% in 2009). Prices of crop products and animal products were 6.3% and 4.2% up, respectively.
In 2010 prices of cereals and oil plants y-o-y grew by 8.4% and 7.3%, respectively. On the increase were prices of potatoes (5.3%) fruit (+27.0%) and vegetables (+31.7). The total growth of prices of animal products was influenced by prices of milk (+18.6%). By contrast, on the decrease were prices of cattle for slaughter (-0.8%), poultry (-1.8%), eggs (-5.5%) and pigs for slaughter (-8.7%).
Prices of industrial producers increased by 1.2% on average in the year 2010 year-on-year (-3.1% in 2009). The increase of price level was influenced by the conspicuous growth of prices in ‘coke, refined petroleum products’ (+30.7%), which remained for all quarter of 2010, but with falling trend (+35.6%; +37.0%; +26.8%; +24.7%). ‘Chemicals and chemical products’ increased by 13.5% on average, the lower accrual was only in Q3 (+17.9%; +17.9%; +6.5%; +12.2%). ‘Mining and quarrying’ rose by 5.7% on average and except Q1 was their trend without larger fluctuations (-1.9%; +8.6%; +8.3%; +8.2%). Prices increased in ‘water supply’ by 3.8% (+6.9% in the year 2009).
Prices decreased in ‘transport equipment’ (-4.5%), ‘basic pharmaceutical products’ (-3.2%), ‘rubber and plastic products, other non-metallic mineral products’ and ‘food products, beverages, tobacco’ (-2.0% both). Prices went down in ‘electricity, gas, steam and air conditioning’ by 1.3% (+10.9% in the year 2009).
According to an estimate, prices of construction work decreased in 2010 by 0.2% on average (+1.2% in 2009), which is the first y-o-y drop from the time of data collection. Prices of construction material input were 0.6% up (-4.1% in 2009).
In the year on year comparison prices of market services in 2010 fell by 1.2% in total (+1.5% in 2009). Price decreases were reported mainly for advertising and market research services (-6.9%). On the decrease were prices in telecommunication services (-1.3%), insurance services (-1.6%) and in real estate services (-1.8%). On the increase were prices in financial services (+0.8%), postal and courier services (+1.6%), warehousing and support services for transportation (+2.3%) and in employment activities (+9.4%).
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