Producer price indices - October 2011

Prices of industrial producers recorded stable growth, y-o-y

15.11.2011
Code: r-7001-11
 




In October 2011, compared with the previous month, prices of agricultural producers and those of construction work fell both by 0.1%. Prices of industrial producers stayed unchanged. Prices of market services grew by 1.1%.
In comparison to October 2010, agricultural and industrial producer prices were 7.3% and 5.6% higher, respectively. Prices of market services were up 1.4%. Construction work prices decreased by 0.5%.


* * *

Monthly changes

Agricultural producer prices fell by 0.1% in total. Prices of crop products decreased by 0.3%, lower were prices of cereals (-1.5%) and potatoes (-9.0%, industrial potatoes). Prices of vegetables (-9.6%) and fruit (-7.1%) decreased. Higher prices were recorded by industrial crops (+4.6%). Prices of animal products increased by 0.1%, higher were prices of eggs (+6.4%), cattle for slaughter (+1.2%) and milk (+0.3%). Prices of pigs for slaughter (-0.8%) and poultry (-0.7%) decreased.

Index of industrial producers remained stable in total. Prices went down primarily in ‘mining and quarrying’ (-2.3%), ‘chemicals and chemical products’ (-2.1%) and ‘basic metals, fabricated metal products’ (-0.2%). Prices went up in ‘coke, refined petroleum products’ (+1.2%), ‘transport equipment’ (+0.7%) and ‘food products, beverages, tobacco’ (+0.3%).

According to an estimate, construction work prices and construction material input prices decreased by 0.1% and 0.2%, respectively.

Market services prices in the business sphere increased by 1.1%. Price growth was recorded in advertising services (+9.1%) and freight transport services (+0.2%). Market services prices in total excluding advertising services stayed unchanged.

Annual changes

Agricultural producer prices were 7.3% higher (+9.9% in September). Prices of crop products grew by 7.3%, due to higher prices of cereals (+13.2%) and oil plants (+17.7%). Prices of fruit were higher (+6.8%, industrial apples). Prices of potatoes (-39.4%, main crop food potatoes) and vegetables (-35.5%) decreased. Prices of animal products grew (+7.3%), due to higher price of milk (+9.1%), poultry (+8.9%), cattle for slaughter (+6.6%), eggs (+5.0%) and pigs for slaughter (+4.2%).

Industrial producer prices gained 5.6% (like in September). Prices increased significantly in ‘coke, refined petroleum products’ (+26.4%), ‘food products, beverages, tobacco’ (+8.1%) and ‘basic metals, fabricated metal products’ (+5.9%). Y-o-y decrease was recorded only in ‘computer, electronic and optical products’ (-0.8%).
Among the main industrial groupings, prices of ‘energy’ increased the most (+9.3%), y-o-y.

According to an estimate, construction work prices were 0.5% lower (same as in September). Construction material input prices were 2.4% higher (+2.6% in September).

Market services prices in the business sphere were 1.4 % higher (+0.5% in September). Increasing were especially prices in advertising and market research services (+9.5%). On the increase were also prices of freight transport services (+2.1%) and insurance services (+0.7%). Lower prices were recorded in rental and leasing services (-6.1%), and telecommunication services (-0.3%). Market services prices excluding advertising services increased by 0.3% in total (-0.1% in September).

Industrial producer prices in the EU – September 2011*

According to the Eurostat News Release industrial producer prices in the EU27 increased by 0.4% in September (-0.2% in August), month-on-month. Among the Member States for which data are available, the largest increases were recorded in Hungary (+1.7%), Cyprus (+1.1%), Lithuania and the United Kingdom (+1.0% both). Prices increased in Poland (+0.7%), Germany and Slovakia (+0.3% both) and the Czech Republic (+0.2%). Decreases were observed in Sweden (-0.8%), Finland (-0.2%) and Latvia (-0.1%), while prices remained stable in Slovenia.

EU27 producer prices rose by 6.9% in September (+6.7% in August), year-on-year. The largest increases were observed in the United Kingdom (+13.2%), Lithuania (+12.2%) and Latvia (+9.3%). Prices rose in Poland (+7.3%), the Czech Republic (+5.6%), Germany (+5.5%) and Slovakia (+2.6%). The only decrease was recorded in Sweden (-0.3%).

* preliminary data



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: 15 December 2011
Text not edited for language.



  • aipc111511.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: 15.11.2011
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