Producer price indices - July 2019

Y-o-y growth of industrial producer prices slowed down again

16.08.2019
Code: 011047-19
 

Agricultural producer prices (-1.5%), industrial producer prices (-0.1%) and service producer prices in the business sphere (-0.9%) went down, month-on-month (m-o-m). Construction work prices went up by 0.2%. From the year-on-year perspective, agricultural producer prices (+12.1%), industrial producer prices (+2.1%), construction work prices (+3.9%) and service producer prices in the business sphere (+2.5%) increased.

Month-on-month comparison
Agricultural producer prices fell by 1.5%. Prices of potatoes (-20.9%), eggs (-4.8%), cereals (-4.5%), milk (-1.8%) and poultry (-1.6%) decreased. Prices of pigs for slaughter increased by 2.7%.

Prices of industrial producers fell by 0.1%. Prices decreased in ‘chemicals and chemical products’ (-1.6%), ‘basic metals, fabricated metal products’ (-0.3%) and in ‘wood, wood products, paper, printing’ and ‘mining and quarrying’ identically by 0.4%. Lower were also prices in ‘coke, refined petroleum products’. Prices rose in ‘food products, beverages, tobacco’ (+0.2%), thereof ‘preserved meat and meat products’ (+0.8%). Prices in ‘electricity, gas, steam and air conditioning’ were higher by 0.2%.

According to an estimate, construction work prices were higher by 0.2% and prices of construction material and products input grew by 0.1%.

Service producer prices in the business sphere went down by 0.9%. Prices for ‘advertising and market research services’ (-14.9%), ‘management consulting services’ (-3.6%) and ‘land transport services’ (-0.2%) were all lower. Prices for ‘insurance, reinsurance and pension funding services, except compulsory social security’ (+1.3%), ‘employment services’ (+0.7%) and ‘warehousing and support services for transportation’ (+0.2%) rose. Service producer prices in the business sphere, excluding advertising services, remained stable.

Year-on-year comparison
Agricultural producer prices rose by 12.1% (in June they increased by 12.9%). Prices in the crop production grew by 16.7%. Prices of potatoes (+58.8%), oleaginous crops (+14.8%), cereals (+10.8%), fruit (+40.5%) and vegetables (+27.8%) went up. Prices of animal products grew by 7.3%. Prices of pigs for slaughter (+24.1%), milk (+6.1%) and poultry (+4.6%) increased. Prices for eggs (-5.8%) and cattle for slaughter (-2.4%) decreased.

Prices of industrial producers rose by 2.1% (+2.5% in June).  Prices grew particularly in ‘electricity, gas, steam and air conditioning’ (+8.0%), thereof ‘electricity, transmission and distribution services’ (+10.5%). Prices were higher in ‘food products, beverages, tobacco’ (+4.0%), thereof ‘preserved meat and meat products’ (+9.3%). Prices increased in ‘furniture, other manufactured products’ (+4.2%), thereof ‘repair services of fabricated metal products, machinery and equipment’ (+3.6%) and ‘installation services of industrial machinery and equipment’ (+7.2%). On the increase were also prices in ‘rubber and plastic products, other non-metallic mineral products’ (+2.8%), thereof ‘articles of concrete, cement and plaster’ (+7.4%). Prices went up in ‘mining and quarrying’ (+6.9%). Prices decreased significantly in ‘coke, refined petroleum products’. Lower were prices also in ‘chemicals and chemical products’ (-3.5%).

Among the main industrial groupings, prices of ‘energy’ (+4.1%) and ‘non-durable consumer goods’ (+3.7%) were higher especially.

According to an estimate, construction work prices rose by 3.9% (in June they increased by 4.2% after specification) and prices for construction material and products input grew by 3.1% (in June they increased by 3.9%).

Service producer prices in the business sphere were higher by 2.5% (the same way as in June). Prices for ‘management consulting services’ (+10.2%), ‘insurance, reinsurance and pension funding services, except compulsory social security’ (+6.6%) and ‘management consulting services’ (+5.8%) grew. Furthermore, prices were higher for ‘advertising and market research services’ (+4.6%) and ‘land transport services’ (+2.5%). Prices of ‘warehousing and support services for transportation’ were lower by 1.5%. Service producer prices in the business sphere, excluding advertising services, increased by 2.4% (in June they increased by 2.5%).

Industrial producer prices in the EU – June 2019 (preliminary data)
According to the Eurostat News Releases, industrial producer prices decreased in June by 0.6% (in May remained stable) in EU28, month-on-month. The largest decrease was recorded in Lithuania (-2.0%). Prices fell in the Czech Republic (-0.7%), Poland (-0.6%), Slovakia and Austria (-0.4% both) and Germany (-0.3%). Prices increased the most in Latvia (+1.7%).

Industrial producer prices were higher in June by 0.9% (+1.9% in May) in EU28, year-on-year.

The highest increase in industrial producer prices was recorded in Latvia (+5.6%). Prices rose in Slovakia (+3.0%), the Czech Republic (+2.5%), Germany (+1.4%) and Poland (+1.1%) and fell in Austria (-0.1%). The largest decrease was observed in Denmark (-2.6%).

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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:
11041 – 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: 16 September 2019

 

  •      aipc081619.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: 16.08.2019
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