Producer price indices - April 2019

Industrial Producer Prices Increased Significantly

20.05.2019
Code: 011047-19
 

Agricultural producer prices went down by 1.2%. Industrial producer prices (+0.7%), construction work prices (+0.7%) and service producer prices in the business sphere (+0.5%) all grew, month-on-month (m-o-m). From the year-on-year perspective, agricultural producer prices (+9.4%), industrial producer prices (+4.3%), construction work prices (+5.4%) and service producer prices in the business sphere (+2.7%) increased.

Month-on-Month Comparison
Agricultural producer prices decreased by 1.2%. Prices of fruit (-11.9%), potatoes (-5.6%), oleaginous crops (-1.5%), cereals (-1.3%) and milk (-0.8%) fell. Prices of pigs for slaughter (+5.2%), poultry (+2.0%) and eggs (+0.5%) grew.

Prices of industrial producers increased by 0.7%. Prices went up the most in ‘coke, refined petroleum products’. Growing were also prices in ‘chemicals and chemical products’ (+2.5%) and ‘food products, beverages, tobacco’ (+0.6%), thereof ‘preserved meat and meat products’ (+3.5%). On the increase were also prices in ‘rubber and plastic products, other non-metallic mineral products’ (+0.5%). Decreases were recorded only in ‘electricity, gas, steam and air conditioning’ (-0.2%) and ‘transport equipment’ (-0.1%).

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

Service producer prices in the business sphere rose by 0.5%. Prices for ‘advertising and market research services’ (+3.8%), ‘management consulting services’ (+1.4%), ‘computer programming, consultancy and related services’ (+1.1%) and ‘publishing services’ (+0.6%) were all higher. Prices for ‘land transport services’ went down by 0.4%. Service producer prices in the business sphere, excluding advertising services, grew by 0.2%.

Year-on-Year Comparison
Agricultural producer prices rose by 9.4% (in March they increased by 8.1%). Prices in the crop production grew by 16.0%. Prices of vegetables (+57.4%), potatoes (+44.8%), cereals (+17.6%) and oleaginous crops (+13.5%) went up. Fruit prices dropped by 42.7%. Prices of animal products grew by 2.8%. Prices of milk (+4.5%), poultry (+4.4%) and pigs for slaughter (+3.4%) increased. Prices for eggs (-1.9%) and cattle for slaughter (-3.4%) decreased.

Prices of industrial producers rose by 4.3%, it was the highest price increasing since December 2011. Prices were higher primarily in ‘electricity, gas, steam and air conditioning’ (+8.2%), thereof ‘electricity, transmission and distribution services’ (+11.0%). On the increase were also prices in ‘coke, refined petroleum products’. Prices went up in ‘food products, beverages, tobacco’ (+3.6%), thereof ‘preserved meat and meat products’ (+4.3%). Prices grew in ‘rubber and plastic products, other non-metallic mineral products’ (+4.2%), thereof ‘articles of concrete, cement and plaster’ (+9.3%).

Among the main industrial groupings, prices of ‘energy’ (+8.9%) increased the most.

According to an estimate, construction work prices rose by 5.4% (in March they increased by 5.1% after specification) and prices for construction material and products input grew by 5.2% (in March they increased by 5.0%).

Service producer prices in the business sphere were higher by 2.7% (in March they grew by 2.8%). Prices for ‘management consulting services’ (+8.5%), ‘insurance, reinsurance and pension funding services, except compulsory social security‘ (+7.0%), ‘employment services’ (+5.5%), ‘advertising and market research services’ (+4.5%), and ‘security and investigation services’ (+4.0%) grew. Furthermore, prices were higher for ‘postal and courier services’ (+3.9%) and ‘land transport services’ (+2.8%). Prices of ‘warehousing and support services for transportation’ were lower by 1.2%. Service producer prices in the business sphere, excluding advertising services, increased by 2.5% (in March they increased by 2.6%).

Industrial producer prices in the EU – March 2019 (preliminary data)
According to the Eurostat News Releases, industrial producer prices went up in March by 0.1% (+0.2% in February) in EU28, month-on-month. The largest increase in industrial producer prices was observed in Greece (+1.1%). Prices rose in the Czech Republic (+0.5%), Slovakia (+0.4%) and Poland (+0.2%) and fell in Germany and Austria (-0.2% both). Prices decreased the most in Denmark (-1.6%).

Industrial producer prices were higher in March by 3.1% (like in February) in EU28, year-on-year. The highest increase was observed in Romania (+6.7%). Prices were higher in Slovakia (+4.5%), the Czech Republic (+3.8%), Germany and Poland (+2.5% both) and Austria (+2.1%). No decreases were recorded in EU countries.

__________________
Notes: 
Responsible head at the CZSO: Jiří Mrázek, Director of Prices Statistics Department,
phone (+420) 274 052 533, e-mail: jiri.mrazek@czso.cz
Contact person: Jiří Šulc, Head of Agricultural, Construction, and Services Prices Statistics Unit, phone (+420) 274 052 148,
e-mail: jiri.sulc@czso.cz
Miloslav Beránek, Industrial and External Trade Prices Statistics Unit, phone (+420) 274 052 665,
e-mail: miloslav.beranek@czso.cz
Method of data acquisition: CZSO direct 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
Service producer prices in the business sphere: 20th calendar day of reference month / 9th calendar day of the following month 
Except for the construction work price indices, the published figures are final data. Estimates of the construction work price indices are carried out on the 9th calendar day of the following month. Then, construction work price indices are made more precise using results of the finished quarterly survey and the finalised data are released on the 46th calendar day of the following quarter.
Related publications: 011041 – 19 Price Indices of Constructions Works, Price Indices of Constructions, and Indices of Construction Costs
011044 – 19 Industrial Producer Price Indices
011045 – 19 Agricultural Producer Price Indices
011046 – 19 Service Producer Prices in the Business Sphere
Following outcomes: https://www.czso.cz/csu/czso/producer-prices-publications
Next News Release will be published on: 17 June 2019

  •      aipc052019.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: 20.05.2019
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