Producer price indices - December 2014
Industrial producer prices fell in the year 2014
In December 2014 compared with the previous month, agricultural producer prices increased by 0.8% and construction work prices stayed unchanged. Industrial producer prices were lower by 1.3% and prices of market services went down by 0.6%. In comparison to December 2013, agricultural producer prices were lower by 7.7%. Industrial producer prices fell by 3.7%. Construction work prices and prices of market services were both higher by 0.8%.
In comparison with the year 2013, on average for the whole year 2014 prices of agricultural producers and industrial producers were both lower by 3.7% and 0.8%, respectively. Prices of construction works and market services were both higher by 0.4% and 0.3%, respectively.
Month-on-month comparison:
Agricultural producer prices increased by 0.8%. Prices of eggs went up by 4.3%. Prices of fruit and poultry were both higher by 1.9%. Prices of potatoes (-12.7%), pigs for slaughter
(-3.5%) and milk (-0.8%) went down.
Prices of industrial producers fell by 1.3%. The fall was influenced primarily by the price decreasing in ‘coke, refined petroleum products’ (-14.0%), this is the most considerable fall of prices since December 2008. Also prices were lower in ‘chemicals and chemical products’ (-4.5%) and ‘food products, beverages, tobacco’ (-0.4%). From ‘food products, beverages, tobacco’, prices dropped particularly in ‘dairy products’ (-1.4%), ‘preserved meat and meat products’ (-1.1%) and ‘bakery and farinaceous products’ (-0.5%). Prices rose in ‘basic pharmaceutical products’ (+0.2%) and ‘wood, wood products, paper, printing’ (+0.1%).
According to an estimate, construction work prices stayed unchanged and construction material input prices fell by 0.1%.
Market services prices in the business sphere were lower by 0.6% due to the price decreasing of ‘advertising and market research services’ (-6.5%). Market services prices excluding advertising services stayed unchanged.
Year-on-year comparison:
Agricultural producer prices fell by 7.7% (-6.1% in November). Prices of crop products went down by 10.6%. Lower were prices of potatoes (-46.1%), fruit (-29.1%), fresh vegetables
(-20.3%), oil plants (-12.7%) and cereals (-9.1%). Prices of animal products went down by 4.2% due to decreasing prices of pigs for slaughter (-14.3%) and milk (-3.8%). Prices of cattle for slaughter were higher by 0.9%. On the increase were also prices of poultry (+1.5%) and eggs (+14.4%).
Prices of industrial producers went down by 3.7% (-1.7% in November). This fall of prices, which is the highest since October 2009, was significantly affected by the lower prices in ‘coke, refined petroleum products’ (-24.6%) and ‘electricity, gas, steam and air conditioning’ (-8.6%). Prices decreased in ‘chemicals and chemical products’ (-7.4%) and ‘food products, beverages, tobacco’ (-2.1%). From ‘food products, beverages, tobacco’, prices declined the most in ‘dairy products’ (-5.2%), ‘grain mill products, starches and starch products’ (-4.5%), ‘other food products’ (-4.1%) and ‘preserved meat and meat products’ (-3.0%). Prices increased in ‘basic metals, fabricated metal products’ (+1.3%), ‘wood, wood products, paper, printing’ (+2.1%) and ‘textiles, clothes, leather and leather products’ (+2.8%).
Among the main industrial groupings, prices of ‘energy’ (-11.7%) decreased the most, y-o-y.
According to an estimate, construction work prices increased by 0.8% (like in November) and construction material input prices grew by 0.5% (+1.1% in November).
Prices of market services in the business sphere grew by 0.8% (like in November). Increasing were prices in ‘financial services, except insurance and pension funding’ (+7.2%), prices of ‘insurance services’ (+3.0%) and prices of ‘land transport services and transport services via pipelines’ (+1.4%). On the decrease were prices of ‘advertising and market research services’ (-2.3%). Market services prices excluding advertising services increased by 1.2% (+1.3% in November).
Producer prices in 2014
In comparison to 2013, agricultural producer prices in 2014 were lower by 3.7% (+4.5% in 2013) on average. Prices of crop products fell by 10.3% and prices of animal products grew by 4.9%. Prices of cereals (-14.0%), fruit (-12.8%), fresh vegetables (-10.8%), potatoes (-10.4%) and oil plants (-8.3%) were lower. Among animal products prices increases were recorded in milk (+13.1%) and eggs (+1.0%). Decreasing were prices of poultry (-2.3%). Prices of pigs for slaughter and cattle for slaughter were both lower by 1.3%.
After four years of the growth prices of industrial producers went down in the year 2014 by 0.8% (+0.8% in 2013). Prices declined in ‘electricity, gas, steam and air conditioning’ (-8.7%), ‘mining and quarrying’ (-3.3%) and ‘coke, refined petroleum products’ (-1.9%). Prices in ‘food products, beverages, tobacco’ were lower in the year 2004 on average by 0.3%. Prices rose in ‘wood, wood products, paper, printing’ (+3.6%), ‘transport equipment’ (+3.5%) and ‘water supply, sewerage, waste management and remediation services’ (+3.4%).
According to monthly estimates, construction work prices went up by 0.4% y-o-y (-1.1% in 2013 after the specification). Construction material input prices grew by 1.1% on average for the whole year 2014 (in 2013 stayed unchanged).
Market services prices in the business sphere were higher by 0.3% (-1.5% in 2013). Increasing were prices of ‘postal and courier services’ (+4.9%), ‘financial services, except insurance and pension funding’ (+4.6%), ‘insurance services’ (+3.0%) and ‘land transport services and transport services via pipelines’ (+1.5%). On the decrease were prices in ‘telecommunication services’ (-8.0%) and ‘advertising and market research services’ (-1.4%). Market services prices excluding advertising services were higher by 0.5% (-1.9% in 2013).
Industrial producer prices in the EU – November 2014*
According to the Eurostat News Releases, industrial producer prices decreased in November by 0.4% (-0.5% in October) in EU28, month-on-month. Among the Member States for which data are available, the largest decreases were observed in Greece and Cyprus (-1.4% both), Ireland (-1.3%) and Estonia (-1.2%). Prices decreased in Poland and the Czech Republic (-0.6% both) and Austria (-0.2%) and remained stable in Germany. Prices increased only in Slovakia (+0.3%).
Industrial producer prices fell in November by 1.8% (-1.6% in October) in EU28, year-on-year, with the largest decreases observed in Lithuania (-6.6%), the Netherlands (-4.5%) and Denmark (-4.2%). Prices went down in Slovakia (-3.0%), Poland (-1.9%), the Czech Republic (-1.7%), Austria (-1.6%) and Germany (-0.9%). The only increases were recorded in Romania (+0.5%) and Bulgaria (+0.3%).
* Preliminary data
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: 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/producer_prices_ekon
Next News Release: 23 February 2015
Text not edited for language.
Related analysis: Producer price indices - 4 quarter 2014
Attachments
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Annexes:
- year 2024 | March 2024 | February 2024 | January 2024
- year 2023 | December 2023 | November 2023 | October 2023 | September 2023 | August 2023 | July 2023 | June 2023 | May 2023 | April 2023 | March 2023 | February 2023 | January 2023
- year 2022 | December 2022 | November 2022 | October 2022 | September 2022 | August 2022 | July 2022 | June 2022 | May 2022 | April 2022 | March 2022 | February 2022 | January 2022
- year 2021 | December 2021 | November 2021 | October 2021 | September 2021 | August 2021 | July 2021 | June 2021 | May 2021 | April 2021 | March 2021 | February 2021 | January 2021
- year 2020 | December 2020 | November 2020 | October 2020 | September 2020 | August 2020 | July 2020 | June 2020 | May 2020 | April 2020 | March 2020 | February 2020 | January 2020
- year 2019 | December 2019 | November 2019 | October 2019 | September 2019 | August 2019 | July 2019 | June 2019 | May 2019 | April 2019 | March 2019 | February 2019 | January 2019
- year 2018 | December 2018 | November 2018 | October 2018 | September 2018 | August 2018 | July 2018 | June 2018 | May 2018 | April 2018 | March 2018 | February 2018 | January 2018
- year 2017 | December 2017 | November 2017 | October 2017 | September 2017 | August 2017 | July 2017 | June 2017 | May 2017 | April 2017 | March 2017 | February 2017 | January 2017
- year 2016 | December 2016 | November 2016 | October 2016 | September 2016 | August 2016 | July 2016 | June 2016 | May 2016 | April 2016 | March 2016 | February 2016 | January 2016
- year 2015 | December 2015 | November 2015 | October 2015 | September 2015 | August 2015 | July 2015 | June 2015 | May 2015 | April 2015 | March 2015 | February 2015 | January 2015
- year 2014 | December 2014 | November 2014 | October 2014 | September 2014 | August 2014 | July 2014 | June 2014 | May 2014 | April 2014 | March 2014 | February 2014 | January 2014
- year 2013 | December 2013 | November 2013 | October 2013 | September 2013 | August 2013 | July 2013 | June 2013 | May 2013 | April 2013 | March 2013 | February 2013 | January 2013
- year 2012 | December 2012 | November 2012 | October 2012 | September 2012 | August 2012 | July 2012 | June 2012 | May 2012 | April 2012 | March 2012 | February 2012 | January 2012
- year 2011 | December 2011 | November 2011 | October 2011 | September 2011 | August 2011 | July 2011 | June 2011 | May 2011 | April 2011 | March 2011 | February 2011 | January 2011
- year 2010 | December 2010 | November 2010 | October 2010 | September 2010 | August 2010 | July 2010 | June 2010 | May 2010 | April 2010 | March 2010 | February 2010 | January 2010
Published: 16.01.2015
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