Producer price indices - June 2014

Y-o-y prices in industry and agriculture still in decline

16.07.2014
Code: 011047-14
 



In June 2014 compared with the previous month, prices of agricultural producer decreased by 1.4% and prices of market services by 0.4%. Industrial producer prices and construction work prices remained stable. In comparison to June 2013, prices of agricultural producers and industrial producer prices were lower by 2.8% and 0.2%, respectively. Higher were construction work prices by 0.5% and prices of market services by 1.0%.


Month-on-month comparison:

Agricultural producer prices decreased by 1.4%. Prices of cereals (-0.7%), milk (-1.1%), potatoes (-5.0%) and eggs (-5.2%) were lower. Prices of fresh vegetables (+22.2%), fruit (+3.8%) and pigs for slaughter (+3.3%) increased.

Prices of industrial producers remained stable m-o-m in total. Prices went down the most significantly in ‘food products, beverages, tobacco’ (-0.6%), thereof ‘dairy products’ (-2.6%) and ‘beverages’ (-1.1%), on the other hand prices in ‘preserved meat and meat products’ rose by 0.8%. Prices were lower in ‘chemicals and chemical products’ (-0.5%) and ‘basic metals, fabricated metal products’ (-0.3%). Prices rose more markedly in ‘coke, refined petroleum products’ (+1.2%).

According to an estimate, construction work prices stayed unchanged and construction material input prices rose by 0.3%.

Market services prices in the business sphere went down by 0.4% due to the price decreasing of ‘advertising and market research services’ (-4.3%). On the increase were prices of ‘land transport services and transport services via pipelines’ (+0.5%). Market services prices excluding advertising services rose by 0.1%.

Year-on-year comparison:

Agricultural producer prices went down by 2.8% (-0.7% in May). Prices of crop products fell by 11.6%. Lower were prices of potatoes by 17.9% (for the first time after twenty-one months), cereals (-14.7%), fresh vegetables (-9.8%) and oil plants (-1.7%). Vice versa, higher were prices of fruit (+4.0%). Prices of animal products went up by 8.6% due to increasing prices of milk (+17.4%). Prices of eggs were higher for the first time after fifteen months by 7.7%. On the decrease were prices of cattle for slaughter (-1.2%) and poultry (-4.1%).

Industrial producer prices decreased by 0.2% (-0.1% in May). The price decreasing in ‘electricity, gas, steam and air conditioning’ (-8.7%) and ‘mining and quarrying’ (-4.8%) had the significant influence on the total price level. Prices remained stable in ‘food products, beverages, tobacco’. Prices fell primarily in ‘vegetable and animal oils and fats’ (-13.0%), ‘grain mill products, starches and starch products’ (-10.8%) and ‘prepared animal feeds’ (-8.2%). Prices increased in ‘dairy products’ (+5.6%) and ‘preserved meat and meat products’ (+3.0%). Prices rose in ‘coke, refined petroleum products’ (+4.2%) and ‘transport equipment’ (+4.0%), thereof ‘parts and accessories for motor vehicles’ (+5.4%). Prices were higher in ‘basic metals, fabricated metal products’ (+2.1%).
Among the main industrial groupings prices of ‘energy’ (-4.6%) only decreased, y-o-y.

According to an estimate, construction work prices increased by 0.5% (like in May) and construction material input prices grew by 1.0% (+0.8% in May).

Prices of market services in the business sphere rose by 1.0% (+0.4% in May). Increasing were prices in ‘postal and courier services’ (+8.2%), prices of ‘financial services, except insurance and pension funding’ (+3.0%), prices of ‘insurance services’ (+2.8%) and prices of ‘land transport services and transport services via pipelines’ (+2.3%). On the decrease were prices of ‘advertising and market research services’ (-2.0%). Market services prices excluding advertising services increased by 1.3% (+0.6% in May).

Industrial producer prices in the EU – May 2014*

According to the Eurostat News Releases, industrial producer prices decreased in May by 0.1% (like in April) in EU28, month-on-month. Among the Member States for which data are available, the largest decreases in prices were observed in Lithuania (-1.5%), Latvia (-1.0%) and Hungary (-0.8%). Prices were lower in Germany, Austria and Poland (-0.2% all), remained stable in the Czech Republic and were higher in Slovakia (+0.4%). The highest increases were in Estonia (+1.6%), Denmark (+1.0%) and Spain (+0.9%).


Industrial producer prices went down in May by 0.9% (-1.1% in April) in EU28, year-on-year, with the largest decreases observed in Belgium and Lithuania (-4.8% both) and Cyprus (-4.3%). Prices were lower in Slovakia (-3.7%), Austria (-1.2%), Poland (-0.8%), Germany (-0.7%) and in the Czech Republic (-0.1%). Prices increased only in Greece (+1.1%), Romania (+0.8%), Sweden (+0.7%), Estonia and Ireland (+0.5% both).


* Preliminary data

Analysis - Producer price indices in 2nd quarter of 2014


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: 011041-14 Price Indices of Constructions Works, Price Indices of Constructions and Indices of Construction Costs
011039-14 Producer Price Indices – Basic Information
011044-14 Industrial Producer Price Indices
011045-14 Agricultural Producer Price Indices
011046-14 Market Services Price Indices in the Business Sphere
Internet: /csu/czso/catalogue-of-products
http://www.czso.cz/eng/edicniplan.nsf/aktual/ep-7?opendocument#70
Next News Release: 18 August 2014

Text not edited for language.



  •      aipc071614.docx

  • 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)
  • Graph 2 Construction work prices (year-on-year changes, changes on base year 2005)
  • Graph 3 Prices of market services for the business sphere (year-on-year changes, changes on base year 2005)
  • Graph 4 Agricultural producer prices (year-on-year changes, changes on base year 2010)
  • Graph 5 Industrial producer price indices – international comparison (changes on base year 2010)
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Published: 16.07.2014
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