Producer price indices - March 2019

Energy Prices Increased Significantly Y-o-Y

16.04.2019
Code: 011047-19
 

Agricultural producer prices (+0.3%), industrial producer prices (+0.5%), construction work prices (+0.9%) and service producer prices in the business sphere (+1.1%) all grew, month-on-month (m-o-m). From the year-on-year perspective, agricultural producer prices (+8.1%), industrial producer prices (+3.8%), construction work prices (+4.8%) and service producer prices in the business sphere (+2.8%) increased.


Month-on-Month Comparison

Agricultural producer prices increased by 0.3%. Prices of eggs (+2.8%), oleaginous crops (+1.1%) and cereals (+0.3%) grew. Prices of vegetables and pigs for slaughter were both lower by 0.3%. Prices of milk (-0.5%), poultry (-1.6%) and fruit (-5.5%) fell.

Prices of industrial producers were higher by 0.5%. Prices rose the most in ‘coke, refined petroleum products’. Prices increased significantly in ‘electricity, gas, steam and air conditioning’ (+0.9%), thereof ‘electricity, transmission and distribution services’ (+1.3%). On the increase were also prices in ‘chemicals and chemical products’ (+1.4%). Prices remained stable in ‘food products, beverages, tobacco’ in total, thereof lower prices were in ‘beverages’ (-0.6%) and ‘preserved meat and meat products’ (-0.3%).

According to an estimate, construction work prices rose by 0.9% and prices of construction material and products input grew by 0.6%.

Service producer prices in the business sphere rose by 1.1%. Prices for ‘advertising and market research services’ (+11.1%), ‘employment services’ (+2.9%), ‘services to buildings and landscape’ (+2.4%) were all higher. Other prices, which increased, were for ‘security and investigation services’ (+2.0%), ‘postal and courier services’ (+1.6%), ‘land transport services’ (+1.1%) and ‘rental and leasing services’ (+1.0%). Prices for ‘management consulting services’ went down by 0.5%. Service producer prices in the business sphere, excluding advertising services, grew by 0.5%.

Year-on-Year Comparison

Agricultural producer prices rose by 8.1% (in February they increased by 8.2%). Prices in the crop production grew by 15.0%. Prices of vegetables (+58.5%), potatoes (+42.8%), cereals (+19.6%) and oleaginous crops (+12.4%) went up. Fruit prices dropped by 32.8%. Prices of animal products grew by 0.1%. Prices of milk (+2.5%) and poultry (+0.6%) increased. Prices for eggs (-8.4%), cattle for slaughter (-4.0%) and pigs for slaughter (-1.0%) decreased.

Prices of industrial producers rose by 3.8% (+3.6% in February). Prices were higher primarily in ‘electricity, gas, steam and air conditioning’ (+8.4%), thereof ‘electricity, transmission and distribution services’ (+11.2%). Prices increased also in ‘coke, refined petroleum products’. Prices went up in ‘food products, beverages, tobacco’ (+2.9%), thereof ‘beverages’ (+3.7%), ‘bakery and farinaceous products’ (+5.0%), ‘dairy products’ (+4.0%) and ‘grain mill products, starches and starch products’ (+11.5%). On the increase were prices in ‘rubber and plastic products, other non-metallic mineral products’ (+3.7%), thereof ‘articles of concrete, cement and plaster’ (+8.0%) and ‘clay building materials’ (+16.2%).

Among the main industrial groupings, prices of ‘energy’ (+8.6%) increased the most (+7.3% in February).

According to an estimate, construction work prices rose by 4.8% (in February they increased by 4.0%) and prices for construction material and products input grew by 5.0% (like in February).

Service producer prices in the business sphere were higher by 2.8% (in February they grew by 2.4%). Prices for ‘employment services’ (+11.0%), ‘insurance, reinsurance and pension funding services, except compulsory social security‘ (+7.0%), ‘management consulting services’ (+6.5%), ‘advertising and market research services’ (+5.8%), and ‘security and investigation services’ (+4.0%) grew. Furthermore, prices were higher for ‘postal and courier services’ (+3.9%), ‘architectural and engineering services’ (+3.2%), and ‘land transport services’ (+3.1%). Prices of ‘warehousing and support services for transportation’ were lower by 1.6%. Service producer prices in the business sphere, excluding advertising services, increased by 2.6% (in February they increased by 2.1%).

Industrial producer prices in the EU – February 2019 (preliminary data)
According to the Eurostat News Releases, industrial producer prices went up in February by 0.2% (+0.3% in January) in EU28, month-on-month. The highest increase in industrial producer prices was recorded in Slovakia (+1.8%). Prices rose in Poland (+0.5%), the Czech Republic (+0.3%) and Austria (+0.1%) and remained stable in Germany. The highest decrease was observed in Estonia (-1.5%).

Industrial producer prices were higher in February by 3.1% (+2.9% in January) in EU28, year-on-year. The highest increase in industrial producer prices was recorded in Latvia (+6.6%). Prices rose in Slovakia (+4.0%), the Czech Republic (+3.6%), Germany (+2.8%), Poland (+2.9%) and Austria (+2.4%). No decreases were observed.

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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: 20 May 2019


Related analysis: Producer price indices - 1. quarter of 2019

  • aipc041619.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: 16.04.2019
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