Producer price indices - November 2011

Prices of industrial producers increased month-on-month

15.12.2011
Code: r-7001-11
 




In November 2011, compared with the previous month, prices of agricultural producers and those of market services fell by 0.2% and 0.3%, respectively. Prices of industrial producers grew by 0.4%. Construction work prices stagnated.
In comparison to November 2010, agricultural and industrial producer prices were 5.3% and 5.6% higher, respectively. Prices of market services were up 1.2%. Construction work prices decreased by 0.5%.


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Monthly changes

Agricultural producer prices fell by 0.2% in total. Prices of crop products decreased by 1.2%, lower were prices of cereals (-2.3%) and potatoes (-8.6%). Prices of oil plants (-2.5%) and vegetables (-1.9%) decreased. Higher prices were recorded by fruit (+0.6%). Prices of animal products increased by 1.1%, higher were prices of pigs for slaughter (+2.2%), poultry (+1.4%) and eggs (+1.1%). Prices of cattle for slaughter and milk both increased by 0.7%.

According to an estimate, construction work prices stayed unchanged and construction material input prices increased by 0.5%.

Prices of industrial producers increased by 0.4%. The rate of growth was influenced by the increase in prices of ‘coke, refined petroleum products’ (+2.0%), ‘transport equipment’ (+1.4%) and ‘rubber and plastic products, other non-metallic mineral products’ (+0.8%). Prices rose in ‘food products, beverage, tobacco’ (+0.3%). Prices went down in ‘mining and quarrying’ (-0.6%) and ‘chemicals and chemical products’ (-0.5%).

Market services prices in the business sphere decreased by 0.3%, reflecting a 1.6% price fall in advertising services. On the decrease were also prices in financial intermediation, except insurance and pension funding and freight transport services (-0.6% and -0.2%, respectively). Market services prices in total excluding advertising services stayed unchanged.

Annual changes

Agricultural producer prices were 5.3% higher (+7.3% in October). Prices of crop products grew by 3.0%, due to higher prices of cereals (+7.2%) and oil plants (+14.4%). Prices of potatoes (-45.4%, main crop food potatoes) and vegetables (-35.4%) decreased. Prices of fruit were lower (-3.6%) for the first time after 16 months. Prices of animal products grew (+8.0%), due to higher price of cattle for slaughter (+6.5%), milk (+7.0%), poultry (+9.6%), pigs for slaughter (+10.0%) and eggs (+10.2%).

Industrial producer prices gained 5.6% (like in October). The higher prices in ‘coke, refined petroleum products’ (+26.4%), ‘food products, beverages, tobacco’ (+7.6%) and ‘basic metals, fabricated metal products’ (+5.9%) had the significant impact on the growth of total price level. There is none y-o-y decrease in the subsections.
Among the main industrial groupings, prices of ‘energy’ increased the most (+9.5%), y-o-y.

According to an estimate, construction work prices were 0.5% lower (same as in October). Construction material input prices were 2.3% higher (+2.4% in October).

Market services prices in the business sphere were 1.2 % higher (+1.4% in October). Increasing were especially prices in advertising and market research services (+7.9%). On the increase were also prices of freight transport services (+1.9%) and insurance services (+0.7%). Lower prices were recorded in rental and leasing services (-6.2%), and telecommunication services (-0.3%). Market services prices excluding advertising services increased by 0.3% in total (same as in October).

Industrial producer prices in the EU – October 2011*

According to the Eurostat News Release industrial producer prices in the EU27 increased by 0.2% in October (+0.4% in September), month-on-month. Among the Member States for which data are available, the highest increases were recorded in Hungary (+1.3%), France (+0.5%), Slovakia and the United Kingdom (both +0.4%). Prices rose in Poland (+0.3%), Germany (+0.2%) and remained stable in the Czech Republic. The largest decreases were observed in Denmark (-0.7%), Ireland (-0.6%) and Belgium (-0.5%).

EU27 producer prices rose by 6.4% in October (+6.9% in September), year-on-year. The largest increases were observed in the United Kingdom (+11.7%), Lithuania (+11.4%) and Latvia (+9.8%). Prices rose in Poland (+7.4%), the Czech Republic (+5.6%), Germany (+5.3%) and Slovakia (+3.0%). The only decrease was recorded in Sweden (-0.3%).

* Preliminary data

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Information: Revision of industrial producer price indices

The industrial producer price indices will be calculated with new weights 2010 from January 2012 on the base of a standard revision of the calculations of the price indices. The price indices with the base December 2005 = 100 will be replaced by the new technical price indices with the base December 2010 = 100. Indices calculated that way will be chained from the 4-digit level of CZ-CPA to the existing indices with the base 2005 average = 100 and thus continuation of the present time series will be ensured.

* * *

Publication of all producer price indices for January 2012 will be postponed in the harmony with Catalogue of products for one week at 22 February 2012.



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:
700144 - 11 Price Indices of Constructions Works, Price Indices of Constructions and Indices of Construction Costs
7003 - 11 Producer Price Indices – Basic Information
700444 - 11 Industrial Producer Price Indices
700544 - 11 Agricultural Producer Price Indices
700844 - 11 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: 16 January 2012
Text not edited for language.



  • aipc121511.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: 15.12.2011
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