Producer price indices - December 2012

Only prices of the agricultural producers more markedly rose

15.01.2013
Code: r-7001-12
 




In December 2012 compared with the previous month, agricultural producer prices increased by 0.9%. Prices of industrial producer prices, construction works and market services fell by 0.3%, 0.1% and 1.2%, respectively.
In comparison to December 2011, prices of agricultural and industrial producer prices increased by 15.9% and 1.2%, respectively. Prices of construction works and market services were lower by 0.7% and 1.9%, respectively.
In comparison with the year 2011, on average for the whole year 2012 prices of agricultural producers and industrial producers were higher by 4.1% and 2.1%, respectively. Prices of construction works and market services were both lower by 0.6%.

Month-on-month comparison:

Agricultural producer prices in total went up by 0.9%. Prices of crop products rose by 1.2%. Prices of cereals increased (+1.1%). Furthermore, prices of oil plants (+1.7%), fruits (+3.1%), potatoes (+5.9%) and vegetables (+10.0%) went up. Prices of animal products increased (+0.6%). Prices of eggs (+1.0%) went up, prices of poultry (+1.1%) and milk (+2.5%) were also higher. On the decrease were prices of pigs for slaughter (-2.1%) and cattle for slaughter (-1.3%).

Prices of industrial producers went down by 0.3%. Prices decreased in ‘coke, refined petroleum products’ (-3.1%), ‘basic metals, fabricated metal products’ (-0.4%) and ‘food products, beverages, tobacco’ (-0.3%). Prices fell primarily in ‘vegetable and animal oils and fats’ (-3.6%) and on the other hand rose in ‘grain mill products, starches and starch products’ (+2.4%). Prices went up in ‘textiles, clothes, leather and leather products’ (+0.4%) and ‘rubber and plastic products, other non-metallic mineral products’ (+0.1%), thereof ‘articles of concrete, cement and plaster’ (+1.1%).

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

Market services prices in the business sphere decreased by 1.2% primarily due to the decreasing prices of advertising and market research services (-9.4%). Prices went down in ‘real estate services’ (-0.7%) and ‘financial intermediation, except insurance and pension funding’ (-0.3%).Market services prices in total excluding advertising services decreased by 0.1%.

Year-on-year comparison:

Agricultural producer prices were higher by 15.9% (+14.6% in November). Prices of crop products grew by 27.6%, prices of potatoes (+50.9%) increased, vegetables (+49.9%), cereals (+32.9%) and oil plants (+23.7%). Prices of fruit were higher (+3.4%). Prices of animal products increased by 3.1%. Price of eggs grew (+25.8%), prices of pigs for slaughter increased as well (+13.8%). On the increase were also prices of cattle for slaughter (+10.1%) and poultry (+10.0%). Prices of milk decreased by 8.6%.

Industrial producer prices gained 1.2% (+1.6% in November). Price level was significantly influenced by the higher prices in ‘chemicals and chemical products’ (+11.3%). Prices rose also in ‘food products, beverages tobacco’ (+4.1%), thereof ‘prepared animal feeds’ (+19.8%) and ‘preserved meat and meat products’ (+6.2%). Prices went up in ‘coke, refined petroleum products’ (+2.4%) and went down in ‘basic metals, fabricated metal products’ (-2.2%), ‘mining and quarrying’ (-3.7%) and ‘transport equipment’ (-1.1%).
Among the main industrial groupings, prices of ‘non-durable consumer goods’ (+2.3%) increased the most, prices of ‘durable consumer goods’ (-0.7%) decreased.

According to an estimate, construction work prices were down by 0.7% (-0.6% in November). Construction material input prices were up by 0.4% (+0.2 in November).

Market services prices in the business sphere decreased by 1.9% (-1.0% in November). Decreasing were prices in advertising and market research services (-13.2%), architectural and engineering services (-2.8%) and telecommunication services (-1.0%). On the increase were prices of financial intermediation, except insurance and pension funding (+3.3%). Market services prices excluding advertising services decreased by 0.4% (-0.3% in November).

Producer prices in 2012

In comparison to 2011, agricultural producer prices in 2012 were higher by 4.1% (+19.1% in 2011) on average. Prices of crop and animal products grew by 3.4% and 5.2% respectively. Prices of eggs (+55.6%), pigs for slaughter (+17.0%), vegetables (+12.4%), cattle for slaughter (+10.0%) and cereals (+5.0%) were higher. Prices of potatoes (-28.6%) and milk (-5.9%) decreased.

Prices of industrial producers increased in the year 2012 on average by 2.1% year-on-year (+5.6% in the previous year). Prices went up in ’coke, refined petroleum products’ (+10.3%), ‘chemicals and chemical products’ (+7.0%) and ‘food products, beverages, tobacco’ (+3.5%). Prices went down in ‘mining and quarrying’ (-1.9%) and ‘electrical equipment’ (-0.7%).

Construction work prices were lower by 0.6% (-0.5% in 2011). Construction material input prices were up by 1.1% (+2.8 in 2011).

Market services prices in the business sphere were lower by 0.6% (+0.9% in 2011). Price decreases were observed in advertising and market research services (-3.1%), architectural and engineering services (-2.6%) and telecommunication services (-0.8%). On the increase were prices in freight transport services (+0.8%), computer programming, consultancy (+1.2%) and financial intermediation, except insurance and pension funding (+2.4%). Market services prices excluding advertising services were lower by 0.2%.

Industrial producer prices in the EU – November 2012*

According to the Eurostat News Releases industrial producer prices in the EU27 decreased by 0.2% in November (+0.1% in October), month-on-month. Among the Member States for which data are available, the largest decreases were recorded in Greece (-0.9%), Lithuania, Hungary and Portugal (-0.6% all). Prices went down in Poland (-0.3%), Austria (-0.2%), Germany and Slovakia (-0.1% both). Prices rose in the Czech Republic (+0.1%). The highest increases were observed in Denmark (+0.7%) and Belgium (+0.6%).

EU27 producer prices rose by 1.9% in November (+2.5% in October), year-on-year. The largest increases were observed in Bulgaria (+6.4%), Cyprus (+5.6%), Belgium and Romania (+5.3% both). Prices rose in Slovakia (+3.8%), the Czech Republic (+1.6%), Germany (+1.4%), Poland (+1.2%) and Austria (+0.3%). The only decrease was recorded in Sweden (-1.6%).

* Preliminary data

The Czech Statistical Office has prepared the standard revision of the calculation of following indices: those of agricultural producer prices and of market services prices.
Since January 2013, price indices of agricultural producers will be calculated on the new weighting schemes derived from average sales for the years 2009, 2010 and 2011. Indices will be calculated on the base where average of 2010 = 100. Published indices for 2010, 2011 and 2012 will be also reviewed.
Since January 2013, price indices of market services will be calculated on the new weighting scheme based on the structure of sales in 2011. The newly calculated indices (based on the average of 2011 which means 100) will be chained to the existing price indices based on the average of 2005 = 100. The continuation of the indices will be ensured. The published indices to date will not be revised.

Publication of all producer price indices for January 2013 will be postponed in the harmony with Catalogue of products for one week at 22 February 2013.

Analysis - Producer price indices in Q4 2012 and in the year 2012


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 - 12 Price Indices of Constructions Works, Price Indices of Constructions and Indices of Construction Costs
7003 - 12 Producer Price Indices – Basic Information
700444 - 12 Industrial Producer Price Indices
700544 - 12 Agricultural Producer Price Indices
700844 - 12 Market Services Price Indices in the Business Sphere
Internet: /csu/czso/ep-7-opendocument
/csu/czso/catalogue-of-products
Next News Release: 22 February 2013
Text not edited for language.



  • aipc011513.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: 15.01.2013
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