Producer price indices - May 2011

Growth of agricultural and industrial producer prices slow down

15.06.2011
Code: r-7001-11
 




In May 2011, compared with the previous month, agricultural and industrial producer prices grew by 0.6% and 0.5%, respectively. Prices of market services increased by 0.2%. Construction work prices stayed unchanged.
In comparison to May 2010, agricultural and industrial producer prices were higher by 31.5% and 6.2%, respectively. Prices of market services were 1.2% up. Construction work prices decreased by 0.3%.


* * *

Monthly changes

Agricultural producer prices increased by 0.6% in total. Prices of crop products increased by 0.2%. Higher were prices of cereals (+1.2%), oil plants (+1.5%) and fruit* (+5.5%). Prices of potatoes (-1.7%) and vegetables (-31.1%) fell. Prices of animal products increased by 1.0%, higher were prices of pigs for slaughter (+4.8%), poultry (+1.8%), cattle for slaughter (+0.7%) and milk (+0.4%). In contrast, prices of eggs decreased (-11.9%).

Prices of industrial producers increased by 0.5% (+0.8% in April). The pace of growth was influenced primarily by the price increase in ‘food products, beverages, tobacco’ (+1.6%), ‘basic metals, fabricated metal products’ (+1.4%) and ‘mining and quarrying’ (+2.7%). Firstly since October 2010, prices went down in ‘coke, refined petroleum products’ (-2.2%).

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

Market services prices in the business sphere grew by 0.2%, affected by a 0.8% growth of prices in advertising and market research services and computer programming, consultancy (+0.5%). Prices of financial services, except insurance and pension funding decreased by 0.2%. Market services prices in total excluding advertising services increased by 0.1%.

Annual changes

Agricultural producer prices were 31.5% up (+31.8% in April). Prices of crop products grew by 55.1%. Considerable increases were registered for prices of potatoes (+106.4%), cereals (+85.4%), oil plants (+54.3%) and fruit (+43.5%). After ten months of continuing growth prices of vegetables decreased (-5.0%). Prices of animal products grew (+8.5%), due to higher price of milk (+14.2%). On the increase were prices of poultry (+10.6%), pigs for slaughter (+5.9%) and cattle for slaughter (+4.6%). Prices of eggs were down (-25.8%). The considerable y-o-y growth was influenced particularly by lower comparative basis from the year of 2010.

Industrial producer prices gained 6.2% (+6.4% in April). After eight months of the uninterrupted acceleration of growth, was recorded the deceleration. Price level was markedly influenced by the price increase in ‘food products, beverages, tobacco’ (+9.9%), ‘basic metals, fabricated metal products’ (+11.6%) and ‘coke, refined petroleum products’ (+21.7%). Price went down in ‘Computer, electronic and optical products’ (-3.5%) and ‘transport equipment’ (-3.4%).
Among the main industrial groupings, prices of ‘energy’ increased the most (+9.3%), the decrease was recorded only in ‘capital goods’ (-0.3%).

According to an estimate, construction work prices were 0.3% down (-0.4%s in April). Construction material input prices were 2.9% up (+3.8% in April).

Market services prices in the business sphere were 1.2% up (+1.1% in April). Increasing were especially prices in advertising and market research services (+7.4%). On the increase were prices of postal and courier services (+3.6%), freight transport (+1.3%) and financial services, except insurance and pension funding (+2.9%). Lower prices were recorded in rental and leasing services (-5.9%), insurance services (-2.4%) and telecommunication services (-0.8%). Market services prices excluding advertising services increased by 0.3% in total (the same as in April).

Industrial producer prices in the EU – April 2011**

According to the Eurostat News Release, industrial producer prices in the EU27 increased by 1.0% in April (+1.2% in March), month-on-month. Among the Member States for which data are available, the highest increases were recorded in Latvia (+4.6%), the United Kingdom (+1.8%) and the Netherlands (+1.4%). Prices rose in Germany (+1.1%), Poland (+1.0%), the Czech Republic (+0.8%) and Slovakia (+0.4%). For Austria, data are not available for April. The only decrease was observed in Sweden (-0.5%), while prices remained stable in Malta.

EU27 producer prices rose by 7.8% in April (+7.5% in March), year-on-year. The largest increases were observed in the United Kingdom (+13.1%), the Netherlands (+11.7%) and Bulgaria (+10.7%). Prices rose in Poland (+9.4%), the Czech Republic and Germany (+6.4% both) and Slovakia (+3.1%). For Austria, data are not available for April. There is none y-o-y price decrease in EU27 countries.


* M-o-m price index development reflects, among others, even changes in weighting structure of fruit and vegetables.
** Preliminary data



Notes:
Responsible manager of the CZSO: Jiri Mrazek, Department Director
Contact: Miloslav Beranek, phone (+420) 274 052 665, e -mail: miloslav.beranek@czso.cz
Hana Sykorova, phone (+420) 274 054 101, e-mail: hana.sykorova@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. 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:
7001-11 Price Indices of Constructions Works, Price Indices of Constructions and Indices of Construction Costs
7003-11 Producer Price Indices – Basic Information
7004-11 Industrial Producer Price Indices
7005-11 Agricultural Producer Price Indices
7008-11 Market Services Price Indices in the Business Sphere
Internet:
/csu/czso/ep-7-opendocument
/csu/czso/catalogue-of-products
Next News Release: 15 July 2011
Text not edited for language.



  • aipc061511.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)
  • Graph 2 Construction work prices (year-on-year changes, changes on base year)
  • Graph 3 Prices of market services for the business sphere (year-on-year changes, changes on base year)
  • Graph 4 Agricultural producer prices (year-on-year changes, changes on base year)
  • Graph 5 Industrial producer price indices – international comparison (changes on base year)
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Published: 15.06.2011
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