Producer price indices - February 2013

M-o-m increase of prices of petroleum products

15.03.2013
Code: r-7001-13
 




In February 2013 compared with the previous month, agricultural producer prices increased by 1.3%, industrial producer prices stayed unchanged. Construction work prices went down by 0.1% and market services prices by 0.2%.
In comparison to February 2012, prices of agricultural, industrial producer prices and market services increased by 15.6%, 1.3% and 0.5%, respectively. Prices of construction works were lower by 0.7%.

Month-on-month comparison:

Agricultural producer prices in total went up (+1.3%). Prices of milk grew (+0.6%), cereals (+2.0%), oil plants (+2.6%), poultry (+3.0%) and potatoes (+11.4%). Prices of eggs fell by 1.4% as well as fruit (-1.5%), pigs for slaughter (-5.4%) and vegetables (-8.2%).

Prices of industrial producers remained stable in total. Prices rose the more significantly only in ‘coke, refined petroleum products’ (+2.9%). Decrease of price level of industrial producers was influenced by the lower prices in ‘chemicals and chemical products’ (-1.1%), ‘rubber and plastic products, other non-metallic mineral products’ (-0.6%) and ‘food products, beverages, tobacco’ (-0.3%), thereof particularly in ‘preserved meat and meat products’ (-1.5%).

According to an estimate, construction work and construction material input prices both went down by 0.1%

Market services prices in the business sphere decreased by 0.2%. Prices of land freight transport services fell (-1.6%), prices legal and accounting services (-1.4%). Prices of advertising and market research services increased by 0.2%, insurance by 1.4%. Market services prices in total excluding advertising services decreased by 0.2%.

Year-on-year comparison:

Agricultural producer prices were higher by 15.6% (+15.4% in January). Prices of crop products grew by 30.2%, primarily prices of potatoes increased (+47.6%), vegetables (+47.5%), cereals (+36.1%) and oil plants (+17.7%). Prices of fruit were higher by 1.9%. Animal products prices increased by 1.5%. Price of poultry grew (+12.8%), prices of cattle for slaughter increased as well (+7.3%). On the increase were also prices of pigs for slaughter (+3.8%) and eggs (+3.0%). Prices of milk decreased by 5.1%.

Industrial producer prices gained 1.3% (+1.4% in January). Price level was the most influenced by the higher prices in ‘food products, beverages, tobacco’ (+4.1%), primarily in ‘prepared animal feeds’ (+23.3%) and ‘preserved meat and meat products’ (+4.8%). Prices went up in ‘electricity, gas, steam and air conditioning’ (+3.7%) and ‘chemicals and chemical products’ (+3.5%). Prices went down in ‘basic metals, fabricated metal products’ (-1.8%), ‘mining and quarrying’ (-3.1%) and ‘coke, refined petroleum products’ (-1.4%).
Among the main industrial groupings prices of ‘non-durable consumer goods’ (+2.0%) increased the most.

According to an estimate, construction work prices were down by 0.7% (the same as in January). Construction material input prices were up by 0.6% (+0.7% in previous month).

Market services prices in the business sphere increased by 0.5% (-1.5% in previous month). Increasing were prices in advertising and market research services (+2.9%), programming services (+1.2%) and architectural and engineering services (+0.4%). On the decrease were prices of storage and other freight transport services (-1.2%), land transport services (-1.6%). Market services prices excluding advertising services decreased by 0.1% (-0.3% in January).

Industrial producer prices in the EU – January 2013*

According to the Eurostat News Releases industrial producer prices in the EU27 rose by 0.6% in January (-0.2% in December), month-on-month. Among the Member States for which data are available, the highest increases were observed in Estonia (+8.0%), Romania (+1.9%) and Lithuania (+1.3%). Prices rose in the Czech Republic (+1.1%), Germany (+0.8%), Slovakia (+0.5%) and Austria (+0.1%) and decreased in Poland (-0.1%). Prices went down the most in Bulgaria (-0.8%) and the Netherlands (-0.5%).

EU27 producer prices rose by 1.8% in January (+1.9% in December), year-on-year. The largest increases were observed in Estonia (+10.0%), Romania (+6.6%) and Belgium (+5.4%). Prices increased in Slovakia (+3.1%), Germany (+1.7%), the Czech Republic (+1.4%) and Austria (+0.5%) and remained stable in Poland. The largest decreases were recorded in Sweden (-0.9%) and Hungary (-0.3%).

* Preliminary data


Information on the revision of index calculations of agricultural producer prices and market services prices.

Agricultural producer price indices are calculated from January 2013 on the new weighting schemes derived from the average sales for the years 2009, 2010 and 2011. The indices are calculated for new base average of 2010 = 100. The revised time series of price indices for the years 2010, 2011 and 2012 is currently publishing retrospectively in its first “after revision” January 2013 publication which was published by the 1 st of March 2013. This new time series of indices has a single base - average of 2010. More detailed information is presented on the website of the Czech Statistical Office.

The price indices of market services are counted from January 2013 on the new weights based on the structure of sales in 2011. The newly calculated indices based on the average of 2011 = 100 were chained to the current average price base year 2005 = 100 which is a continuation of the indices. More detailed information is presented on the website of the Czech Statistical Office.


Notes:
Responsible manager of the CZSO: Jiri Mrazek, Department Director, phone (+420) 274 052 533, 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: 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
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 45th calendar day of the following quarter.
Related publications: 700144 - 13 Price Indices of Constructions Works, Price Indices of Constructions and Indices of Construction Costs
7003 - 13 Producer Price Indices – Basic Information
700444 - 13 Industrial Producer Price Indices
700544 - 13 Agricultural Producer Price Indices
700844 - 13 Market Services Price Indices in the Business Sphere
Internet: http://www.czso.cz/eng/edicniplan.nsf/aktual/ep-7?opendocument#70
/csu/czso/catalogue-of-products
Next News Release: 15 April 2013

Text not edited for language.



  • aipc031513.doc

  • Annexes:
  • Table 1 Producer prices (indices)
  • Table 2 Industrial producer prices (main industrial groupings, indices)
  • Table 3 Industrial producer prices (decomposition of increases – month-on-month, year-on-year)
  • Graph 1 Industrial producer prices (year-on-year changes, changes on base year 2005=100)
  • Graph 2 Construction work prices (year-on-year changes, changes on base year 2005=100)
  • Graph 3 Prices of market services for the business sphere (year-on-year changes, changes on base year 2005=100)
  • Graph 4 Agricultural producer prices (year-on-year changes, changes on base year 2005=100)
  • Graph 5 Industrial producer price indices – international comparison (changes on base year 2010=100)
Archive:
Show all Hide

Published: 15.03.2013
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