Producer price indices - May 2013

Prices of producers dropped m-o-m

17.06.2013
Code: r-7001-13
 




In May 2013 compared with the previous month, agricultural producer prices fell by 1.8%, industrial producer prices went down by 0.3%, construction work prices fell by 0.1% and also market services prices were lower by 0.9%.
In comparison to May 2012, prices of agricultural and industrial producer prices increased by 8.0%, and 0.3%, respectively. Prices of construction works and market services prices were both lower by 1.2% and 1.8%, respectively.

Month-on-month comparison:

Agricultural producer prices were lower by 1.8%. Prices of fruit fell by 7.7% as well as eggs (-5.8%), poultry (-2.2%) and cereals (-1.8%). Prices of cattle for slaughter and oil plants went down both by 1.7%. Prices of fresh vegetables grew (+29.8%), potatoes (+1.7%) and milk (+0.9%).

Prices of industrial producers went down by 0.3% m-o-m. Prices decreased in ‘coke, refined petroleum products’ (-2.4%), ‘chemicals and chemical products’ (-1.1%) and ‘mining and quarrying’ (-0.3%). Prices went up in ‘textiles, clothes, leather and leather products’ (+0.4%) and ‘transport equipment’ (+0.3%), thereof ‘parts and accessories for motor vehicles’ (+0.6%).

According to an estimate, construction work prices fell by 0.1% and construction material input prices went up by 0.1%.

Market services prices in the business sphere decreased by 0.9%. On the decrease were prices of telecommunication services (-10.8%) and prices of advertising and market research services (-0.6%). In total excluding advertising services decreased by 0.9%.

Year-on-year comparison:

Agricultural producer prices were higher by 8.0% (+12.7% in April). Prices of crop products grew by 13.4%, primarily prices of potatoes increased (+34.2%), fresh vegetables (+22.9%), cereals (+20.1%), and oil plants (+6.9%). On the decrease were prices of fruit (-10.0%). Animal products prices increased by 1.6%. Price of poultry grew (+8.4%), prices of milk increased as well (+3.5%, for the first time after thirteen months). On the increase were also prices of cattle for slaughter (+3.1%). Prices of eggs went down by 20.4% and also pigs for slaughter (-0.8%, for the first time after twenty-one months).

Industrial producer prices gained 0.3% (+0.5% in April). The significant influence on the total price level had higher prices in ‘electricity, gas, steam and air conditioning’ (+3.5%) and ‘food products, beverages, tobacco’ (+3.8%). From ‘food products, beverages, tobacco’, prices increased primarily in ‘prepared animal feeds’ (+19.3%), ‘grain mill products, starches and starch products’ (+14.0%) and ‘vegetable and animal oils and fats’ (+13.4%). Another price decreasing in ‘coke, refined petroleum products’ (-8.8%) influenced the most the total price level. Prices went down in ‘basic metals, fabricated metal products’ (-2.0%) and ‘rubber and plastic products, other non-metallic mineral products’ (-1.3%).
Among the main industrial groupings prices of ‘non-durable consumer goods’ (+1.8%) increased the most.

According to an estimate, construction work prices went down by 1.2% (the same as in previous month). Construction material input prices went down by 0.6% (-0.5% in previous month).

Market services prices in the business sphere decreased by 1.8% (-0.7% in previous month). On the decrease were prices of telecommunication services (-16.4%), storage (-12.8%), freight transport services (-1.8%) and prices legal and accounting services (-1.4%). Increasing were prices in advertising and market research services (+6.2%) and prices of financial intermediation, except insurance (+3.1%). Market services prices excluding advertising services decreased by 2.1% (-1.2% in April).

Industrial producer prices in the EU – April 2013*

According to the Eurostat News Releases industrial producer prices in the EU27 decreased by 0.7% in April (-0.2% in March), month-on-month. Among the Member States for which data are available, prices dropped the most in the United Kingdom (-1.5%), Belgium (-1.4%), Greece and the Netherlands (-1.3% both). Prices decreased in Poland (-0.7%), the Czech Republic (-0.5%), Austria (-0.3%) and Germany (-0.2%). Prices increased the most in Latvia (+1.1%), Denmark (+0.4%), Estonia (+0.2%), Cyprus and Slovakia (+0.1% both).

EU27 producer prices decreased by 0.2% in April (+0.6% in March), year-on-year. The highest decreases were observed in Greece (-2.4%), Poland (-2.1%) and Sweden (-1.7%). Prices fell in Austria (-1.1%). Prices rose in Slovakia (+0.8%), the Czech Republic (+0.5%) and Germany (+0.1%). The highest increases were recorded in Estonia (+11.3%) and Romania (+4.9%).

* Preliminary data


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 July 2013

Text not edited for language.



  • aipc061713.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)
  • 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 2005)
  • Graph 5 Industrial producer price indices – international comparison (changes on base year 2010)
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Published: 17.06.2013
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