Producer price indices - December 2016
Industrial producer price index fell by 3.3% in 2016
In December 2016 compared with the previous month, agricultural producer prices were lower by 0.4% and prices of market services fell by 0.9%. Industrial producer prices went up by 0.5%. Construction work prices grew by 0.1%. In comparison to December 2015, agricultural producer prices fell by 4.7% and industrial producer prices were also lower by 0.4%. Construction work prices increased by 1.2% and prices of market services went up by 0.2%.
In comparison with the year 2015, on average for the whole year 2016 prices of agricultural producers and industrial producers were both lower by 4.9% and 3.3%, respectively. Prices of construction works were higher by 1.1%. Prices of market services rose by 0.1%.
Month-on-month comparison:
Agricultural producer prices fell by 0.4%. Prices of fresh vegetables (-8.7%), pigs for slaughter (-2.4%) and poultry (-1.8%) went down. Prices of eggs (+6.9%), milk (+6.4%), fruit (+4.3%), oil plants (+1.9%), cereals (+0.9%) and cattle for slaughter (+0.8%) went up.
Prices of industrial producers went up by 0.5%. Prices were higher particularly in ‘coke, refined petroleum products’. Prices increased in ‘electrical equipment’ (+0.9%) and ‘chemicals and chemical products’ (+0.6%). Prices decreased only in ‘mining and quarrying’ (-0.1%). Prices remained stable in ‘food products, beverages, tobacco’, thereof ‘dairy products’ (+2.0%).
According to an estimate, construction work prices rose by 0.1% and construction material input prices stayed unchanged.
Agricultural producer prices were lower by 4.7% (-3.6% in November). Prices of crop products went down by 8.6%. Lower were prices of fresh vegetables (-35.3%), potatoes (-20.5%), cereals (-13.3%) and oil plants (-1.7%). On the increase were prices of fruit (+2.6%). For the first time after 25 months of decrease, prices of animal products grew by 0.6% due to increasing prices of pigs for slaughter (+13.5%). Lower were prices of milk (-2.8%), eggs (-3.1%) and poultry
(-7.7%).
Prices of industrial producers were lower by 0.4% (-1.3% in November). Prices decreased in ‘mining and quarrying’ (-5.1%), ‘electricity, gas, steam and air conditioning’ (-4.1%) and ‘chemicals and chemical products’ (-2.9%). Prices went up the most significantly in ‘coke, refined petroleum products’. Prices rose in ‘water supply, sewerage, waste management and remediation services’ (+1.6%) and ‘food products, beverages, tobacco’ (+0.3%), thereof ‘dairy products’ (+2.6%).
Among the main industrial groupings, prices of ‘energy’ and ‘intermediate goods’ (-0.8% both) decreased the most, y-o-y.
According to an estimate, construction work prices rose by 1.2% (like in November) and construction material input prices grew by 0.3% (-0.1% in November).
Prices of market services in the business sphere grew by 0.2% (+0.3% in November). Increasing were prices in ‘employment services’ (+2.7%) and ‘insurance, reinsurance and pension funding services, except compulsory social security’ (+1.0%). After ten months of growth, prices of ‘advertising and market research services’ fell by 0.2%. Market services prices excluding advertising services increased by 0.2% (+0.1% in November).
Prices of industrial producers went down by 3.3% in 2016 y-o-y (-3.2% in 2015). Prices decreased primarily in ‘coke, refined petroleum products’. Prices were lower in ‘chemicals and chemical products’ and ‘mining and quarrying’ (-6.1% both). Prices fell in ‘electricity, gas, steam and air conditioning’ (-4.1%) and ‘food products, beverages, tobacco’ (-2.0%). Prices rose in ‘water supply, sewerage, waste management and remediation services’ (+1.3%).
According to monthly estimates, construction work prices went up by 1.1% y-o-y (+1.2% in 2015 after the specification). Construction material input prices went down by 1.1% on average for the whole year 2016 (-0.4% in 2015).
Market services prices in the business sphere went up by 0.1% (in 2015 stayed unchanged). Increasing were prices of ‘postal and courier services’ (+4.3%), ‘advertising and market research services’ (+1.5%) and ‘architectural and engineering services’ (+1.3%). On the decrease were prices in ‘land transport services and transport services via pipelines’ (-0.9%) and ‘insurance, reinsurance and pension funding services, except compulsory social security’ (-2.8%). Market services prices excluding advertising services stayed unchanged (-0.1% in 2015).
Industrial producer prices were higher in November by 0.7% (+0.2% in October) in EU28, year-on-year. Prices increased the most in the United Kingdom (+4.4%). Prices went up in Poland (+2.4%) and Germany (+0.1%) and went down in Slovakia (-2.6%), the Czech Republic (-1.3%) and Austria (-0.5%). Prices decreased the most in Luxembourg (-6.5%).
* * *
Information on the revision of the industrial producer price index
Currently we are finishing a revision of the calculation of industrial producer price index, which is a change from the original weighting structure for 2010 (domestic sales) on the new weighting structure of the year 2015 (domestic sales). There will be a slight variation of weights on the level of some aggregation of CZ-CPA on the three-digit and four-digit levels and a number of changes in the selection of reporting units and representatives. However, there was no fundamental change in the methodology for calculating indices.
Since January 2017 indices will be calculated with new weights 2015. Basic indices with the price base December 2010 = 100 will be replaced with new price base December 2015 = 100. Thus calculated indices will be from the four-digit level of CZ-CPA (and up) of the weighting scheme chained to the indices with the index base 2015 average = 100 and 2005 average = 100. This will ensure the continuation of the existing time series. Time series with the index base December 2005 = 100 will be ended by December 2016. Derived indices (month on month, year on year, ratio of rolling averages) will be calculated from the basic series 2015 average = 100.
From the observation and publishing will be excluded these 3-digit aggregations:
CB 131 – Textile yarn and thread
CC 182 – Reproduction services of recorded media
* Preliminary data
Notes:
Responsible manager of the CZSO: Jiri Mrazek, Department Director, phone (+420) 274 052 533,
Contact: Jiri Sulc, phone (+420) 274 052 148, e-mail: jiri.sulc@czso.cz
Miloslav Beranek, phone (+420) 274 052 665,
Data source: CZSO surveys
End of data collection / end of data processing:
Agricultural producer price indices: 24th calendar day of reference month / 8th calendar day of the following month
Industrial producer price indices: 20th calendar day of reference month / 7th calendar day of the following month
Construction work price indices: last calendar day of reference month / 5th working day of the following month
Market services price indices: 15th calendar day of reference month / 7th calendar day of the following month
Related publications: 011041 - 16 Price Indices of Constructions Works, Price Indices of Constructions and Indices of Construction Costs
011044 - 16 Industrial Producer Price Indices
011045 - 16 Agricultural Producer Price Indices
011046 - 16 Market Services Price Indices in the Business Sphere
Internet: https://www.czso.cz/csu/czso/producer-prices-publications
Next News Release: 28 February 2017
Text not edited for language.
Related analysis: Producer price indices - 4. quarter of 2016
Attachments
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Annexes:
- year 2024 | February 2024 | January 2024
- year 2023 | December 2023 | November 2023 | October 2023 | September 2023 | August 2023 | July 2023 | June 2023 | May 2023 | April 2023 | March 2023 | February 2023 | January 2023
- year 2022 | December 2022 | November 2022 | October 2022 | September 2022 | August 2022 | July 2022 | June 2022 | May 2022 | April 2022 | March 2022 | February 2022 | January 2022
- year 2021 | December 2021 | November 2021 | October 2021 | September 2021 | August 2021 | July 2021 | June 2021 | May 2021 | April 2021 | March 2021 | February 2021 | January 2021
- year 2020 | December 2020 | November 2020 | October 2020 | September 2020 | August 2020 | July 2020 | June 2020 | May 2020 | April 2020 | March 2020 | February 2020 | January 2020
- year 2019 | December 2019 | November 2019 | October 2019 | September 2019 | August 2019 | July 2019 | June 2019 | May 2019 | April 2019 | March 2019 | February 2019 | January 2019
- year 2018 | December 2018 | November 2018 | October 2018 | September 2018 | August 2018 | July 2018 | June 2018 | May 2018 | April 2018 | March 2018 | February 2018 | January 2018
- year 2017 | December 2017 | November 2017 | October 2017 | September 2017 | August 2017 | July 2017 | June 2017 | May 2017 | April 2017 | March 2017 | February 2017 | January 2017
- year 2016 | December 2016 | November 2016 | October 2016 | September 2016 | August 2016 | July 2016 | June 2016 | May 2016 | April 2016 | March 2016 | February 2016 | January 2016
- year 2015 | December 2015 | November 2015 | October 2015 | September 2015 | August 2015 | July 2015 | June 2015 | May 2015 | April 2015 | March 2015 | February 2015 | January 2015
- year 2014 | December 2014 | November 2014 | October 2014 | September 2014 | August 2014 | July 2014 | June 2014 | May 2014 | April 2014 | March 2014 | February 2014 | January 2014
- year 2013 | December 2013 | November 2013 | October 2013 | September 2013 | August 2013 | July 2013 | June 2013 | May 2013 | April 2013 | March 2013 | February 2013 | January 2013
- year 2012 | December 2012 | November 2012 | October 2012 | September 2012 | August 2012 | July 2012 | June 2012 | May 2012 | April 2012 | March 2012 | February 2012 | January 2012
- year 2011 | December 2011 | November 2011 | October 2011 | September 2011 | August 2011 | July 2011 | June 2011 | May 2011 | April 2011 | March 2011 | February 2011 | January 2011
- year 2010 | December 2010 | November 2010 | October 2010 | September 2010 | August 2010 | July 2010 | June 2010 | May 2010 | April 2010 | March 2010 | February 2010 | January 2010
Published: 16.01.2017
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