Producer price indices - October 2017

Prices of milk continued to grow

16.11.2017
Code: 011047-17
 

In October 2017 compared with the previous month, agricultural producer prices and construction work prices both went up by 0.6% and 0.2%, respectively. Prices of market services were higher by 0.1%. Industrial producer prices stayed unchanged. In comparison to October 2016, agricultural producer prices grew by 8.3% and industrial producer prices rose by 1.1%. Construction work prices and prices of market services were also higher by 1.8% and 1.6%, respectively.



Month-on-month comparison:

Agricultural producer prices grew by 0.6%. Prices of eggs (+12.8%), fresh fruit (+8.7%) and milk (+2.8%) went up. On the decrease were prices of potatoes (-8.8%), fresh vegetables
(-8.0%), pigs for slaughter (-4.4%), and poultry (-3.2%).

Prices of industrial producers stayed unchanged. Prices rose in ‘mining and quarrying’ (+1.6%) and ‘chemicals and chemical products’ (+1.2%). Prices increased in ‘food products, beverages, tobacco’ (+0.1%), thereof ‘dairy products’ (+2.4%). Lower were prices in ‘transport equipment’ (-0.6%), thereof ‘parts and accessories for motor vehicles’ (-0.9%).

According to an estimate, construction work prices increased by 0.2% and construction material input prices went up by 0.1%.

Market services prices in the business sphere rose by 0.1% due to the price increasing of ‘advertising and market research services’ (+2.0%) and ‘publishing services’ (+0.2%). Lower were prices of ‘employment services’ and ‘warehousing and support services for transportation’ (-0.4% both). Market services prices excluding advertising services stayed unchanged.


Year-on-year comparison:

Agricultural producer prices were higher by 8.3% (+10.8% in September). Prices of crop products grew by 5.0% due to increasing prices of fresh fruit (+68.6%), cereals (+7.8%), potatoes (+2.5%) and oil plants (+1.2%). Lower were prices of fresh vegetables by 1.2%. Prices of animal products went up by 14.6%. Higher were prices of milk (+37.9%), eggs (+20.7%)
and cattle for slaughter (+4.0%). Prices of poultry (-2.3%) and pigs for slaughter (-3.5%) went down.

Prices of industrial producers were higher by 1.1% (+1.7% in September). Prices increased significantly in ‘basic metals, fabricated metal products’ (+5.1%). On the increase were prices in ‘food products, beverages, tobacco’ (+3.3%), thereof ‘dairy products’ (+17.7%), ‘bakery and farinaceous products’ (+4.0%). Higher were prices also in ‘coke, refined petroleum products’. Prices decreased in ‘transport equipment’ (-3.3%), thereof ‘parts and accessories for motor vehicles’ (-4.8%). Lower were prices in ‘electricity, gas, steam and air conditioning’ (-1.1%).

Among the main industrial groupings, prices of ‘non-durable consumer goods’ (+3.0%) increased the most.

According to an estimate, construction work prices rose by 1.8% (like in September after specification) and construction material input prices grew by 2.4% (+2.3% in September).

Prices of market services in the business sphere were higher by 1.6% (+1.7%
in September). Increasing were prices in ‘insurance, reinsurance and pension funding services, except compulsory social security’ (+3.7%), ‘publishing services’ (+3.3%), ‘architectural and engineering services’ (+3.0%), ‘advertising and market research services’ (+2.0%) and ‘land transport services and transport services via pipelines’ (+1.1%). Market services prices excluding advertising services increased by 1.4% (+1.5% in September). 


Industrial producer prices in the EU – September 2017 (preliminary data)

According to the Eurostat News Releases, industrial producer prices increased in September by 0.6% (+0.4% in August) in EU28, month-on-month. The highest increase was observed in the Netherlands (+2.9%). Prices rose in Poland (+0.7%), Austria (+0.6%), the Czech Republic and Germany (+0.4% both) and Slovakia (+0.3%). A decrease was recorded only in Cyprus (-1.4%).

Industrial producer prices were higher in September by 3.3% (+2.9% in August) in EU28, year-on-year. Prices rose in all Member States, the most in Belgium (+7.0%). On the increase were prices in Poland (+4.9%), Germany (+3.0%), Slovakia (+2.8%), Austria (+1.8%) and the Czech Republic (+1.7%).

* * *

Information on revisions of agricultural producer price indices and price indices of market services

The Czech Statistical Office is finishing a revision of the calculation of agricultural producer price indices and price indices of market services, which is a change of the weighting scheme and change of the index base since January 2018. However, there is no major change in the index calculation methodology.

Price indices of agricultural producers will be calculated for a new index base 2015 average = 100 on new weighting schemes, based on the structure of the average sales for the years 2014, 2015 and 2016. Due to update the weights, the published aggregate base indices for the years 2015, 2016 and 2017 will be revised. Time series with the index base 2010 average = 100 will be ended by December 2017.

Price indices of market services will be calculated for a new index base 2015 average = 100 on new weighting schemes, based on the structure of the sales for the year 2015. Time series with the index base 2005 average = 100 will be ended by December 2017 and replaced with new time series with the index base 2015 average = 100. The existing published indices will not be revised.

The publication of price indices for January 2018 will be shifted in line with the Catalogue of Products 2018 by one week on 28 February 2018.

 

Notes:
Responsible manager of the CZSO: Jiri Mrazek, Department Director, phone (+420) 274 052 533, e-mail: 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 - 17 Price Indices of Constructions Works, Price Indices of Constructions and Indices of Construction Costs
011044 - 17 Industrial Producer Price Indices
011045 - 17 Agricultural Producer Price Indices
011046 - 17 Market Services Price Indices in the Business Sphere
Internet: https://www.czso.cz/csu/czso/producer-prices-publications
Next News Release: 18 December 2017

Text not edited for language.

 

  •      aipc111617.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 2005)
  • Chart 3 Price Indices of Market Services for the Business Sphere (year-on-year changes, changes on base year 2005)
  • Chart 4 Agricultural Producer Price Indices (year-on-year changes, changes on base year 2010)
  • Chart 5 Industrial Producer Price Indices – International Comparison (changes on base year 2010)
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Published: 16.11.2017
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