Producer price indices - October 2014

Further decrease of prices in agriculture and industry

18.11.2014
Code: 011047-14
 




In October 2014 compared with the previous month, prices of agricultural producers decreased by 3.1% and industrial producer prices went down by 0.4%. Construction work prices and prices of market services were both higher by 0.1% and 0.2%, respectively. In comparison to October 2013, prices of agricultural producers were lower by 3.9%. Industrial producer prices fell by 0.3%. Construction work prices and prices of market services were both higher by 0.8%.

Month-on-month comparison:

Agricultural producer prices decreased by 3.1%. Prices of fruit (-12.6%), potatoes (-11.2%), pigs for slaughter (-5.3%), cereals (-3.6%), milk (-1.9%), cattle for slaughter (-1.3%) and oil plants (-1.1%) went down. Prices of eggs (+13.8%) and fresh vegetables (+3.6%) increased.

Prices of industrial producers went down by 0.4%. Prices fell particularly in ‘coke, refined petroleum products’ (-4.8%) and ‘food products, beverages, tobacco’ (-0.9%). From ‘food products, beverages, tobacco’, prices decreased more significantly in ‘preserved meat and meat products’ (-1.3%), ‘dairy products’ (-1.7%), higher were only in ‘bakery and farinaceous products’ (+0.2%). Prices grew in ‘electricity, gas, steam and air conditioning’ (+0.1%) and ‘transport equipment’ and ‘mining and quarrying’ (+0.2% both).

According to an estimate, construction work prices went up by 0.1% and construction material input prices went down by 0.3%.

Market services prices in the business sphere went up by 0.2% due to the price increasing of ‘advertising and market research services’ (+3.1%). Prices of ‘land transport services and transport services via pipelines’ were lower by 0.5%. Market services prices excluding advertising services fell by 0.1%.

Year-on-year comparison:

Agricultural producer prices went down by 3.9% (-2.7% in September). Prices of crop products fell by 6.6%. Lower were prices of potatoes by 38.9%, fruit (-20.3%), fresh vegetables (-8.8%), cereals (-6.6%) and oil plants (-5.3%). Prices of animal products went up by 0.2% due to increasing prices of milk (+5.1%) and eggs (+12.3%). Prices of cattle for slaughter were higher by 1.0%. On the increase were also prices of poultry by 0.7% (first time after eight months of decrease). Prices of pigs for slaughter were lower by 10.4%.

Prices of industrial producers went down by 0.3%, like in September. Prices decreased the most significantly in ‘electricity, gas, steam and air conditioning’ (-8.9%), thereof ‘electricity, transmission and distribution services’ (-11.6%). Prices fell in ‘mining and quarrying’ (-2.1%) and ‘food products, beverages, tobacco’ (-1.4%). From ‘food products, beverages, tobacco’, prices decreased the most in ‘grain mill products, starches and starch products’ (-5.9%), ‘vegetable and animal oils and fats’ (-5.2%), ‘other food products’ (-3.3%) and ‘preserved meat and meat products’ (-1.1%). Prices increased in ‘transport equipment’ (+4.2%), ‘basic metals, fabricated metal products’ (+3.8%) and ‘wood, wood products, paper, printing’ (+3.7%).
Among the main industrial groupings, prices of ‘energy’ (-5.5%) decreased the most, y-o-y.

According to an estimate, construction work prices increased by 0.8% (+0.7% in September after specification) and construction material input prices grew by 1.3% (+1.5% in September).

Prices of market services in the business sphere grew by 0.8% (like in September). Increasing were prices in ‘financial services, except insurance and pension funding’ (+7.0%), prices of ‘insurance services’ (+3.0%), prices of ‘land transport services and transport services via pipelines’ (+1.2%). On the decrease were prices of ‘advertising and market research services’ (-3.8%). Market services prices excluding advertising services increased by 1.2% (+1.3% in September).

Industrial producer prices in the EU – September 2014*

According to the Eurostat News Releases, industrial producer prices increased in September by 0.1% (-0.2% in August) in EU28, month-on-month. Among the Member States for which data are available, the largest increases were observed in Estonia (+1.1%), Denmark, Spain, France and the Netherlands (+0.5% all). Prices decreased the most in the United Kingdom (-0.4%), the Czech Republic (-0.3%), Lithuania, Poland and Portugal (-0.2% all). Prices remained stable in
Germany and rose in Austria (+0.3%).

Industrial producer prices decreased in September by 1.6% (-1.5% in August) in EU28, year-on-year. Prices went down the most in Lithuania (-5.6%), Belgium and Slovakia (-3.9% both). Prices fell in Austria (-1.6%), Poland (-1.4%), Germany (-1.0%) and the Czech Republic (-0.3%). The only increases were recorded in Romania (+0.4%), Latvia (+0.2%) and Greece (+0.1%).

* Preliminary data.


Notes:
Responsible manager of the CZSO: Jiri Mraze k, 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: 16 December 2014

Text not edited for language.



  • aipc111814.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)
Archive:
Show all Hide

Published: 18.11.2014
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