Producer price indices - August 2013

Y-o-y growth of agricultural producer prices stopped after thirteen months

16.09.2013
Code: r-7001-13
 




In August 2013 compared with the previous month, agricultural producer prices were lower by 4.7% and prices of industrial producer fell by 0.1%. Construction work prices stayed unchanged and prices of market services were higher by 0.1%.
In comparison to August 2012, prices of agricultural producer decreased by 0.2%. Prices of construction works and market services prices were both lower by 1.4% and 2.1%, respectively. Prices of industrial producer grew by 0.5%.

Month-on-month comparison:

Agricultural producer prices were lower by 4.7%. Prices of fruit decreased by 16.0%, as well as cereals (-14.1%), fresh vegetables (-10.1%), early potatoes (-6.2%) and eggs (-4.1%). Prices of pigs for slaughter increased (+4.2%).

Prices of industrial producers went down by 0.1% m-o-m. Prices fell primarily in ‘basic metals, fabricated metal products’ and ‘transport equipment’ (-0.5% both). Prices rose in ‘coke, refined petroleum products’ and ‘mining and quarrying’ (+0.5% both). Prices increased in ‘food products, beverages, tobacco’ (+0.1%), thereof ‘preserved meat and meat products’ and ‘dairy products’ (+1.2% both), on the other hand on the decrease were ‘vegetable and animal oils and fats’ (-12.1%).

According to an estimate, construction work prices stayed unchanged and construction material input prices went down by 0.4%.

Market services prices in the business sphere increased by 0.1%. Prices of ‘postal and courier services’ grew by 7.6%, thereof prices in ‘postal services under universal service obligation’ went up by 14.3%. Market services prices in total excluding advertising services also grew by 0.1%.

Year-on-year comparison:

After thirteen months of growth, agricultural producer prices went down by 0.2% (in July were higher by 4.7%). Prices of crop products fell by 6.5% (in July grew by 4.2%), thereof cereals
(-10.4%), oil plants (-5.5%) and fruit (-1.4%). Higher were prices of potatoes (+87.7%) and fresh vegetables (+30.0%). Prices of animal products increased by 7.6%. On the increase were prices of milk (+15.4%), poultry (+8.4%) and pigs for slaughter (+7.2%). Prices of eggs went down by 23.1%.
Industrial producer prices gained 0.5% (+1.1% in July). Price level was significantly influenced by the higher prices in ‘electricity, gas, steam and air conditioning’ (+3.6%) and ‘food products, beverages, tobacco’ (+3.7%). Prices rose in ‘dairy products’ (+11.5%), ‘preserved meat and meat products’ (+4.4%) and ‘prepared animal feeds’ (+9.5%). Prices decreased in ‘coke, refined petroleum products’ (-6.1%), ‘basic metals, fabricated metal products’ (-2.2%) and ‘rubber and plastic products, other non-metallic mineral products’ (-1.1%).
Among the main industrial groupings prices of ‘non-durable consumer goods’ (+2.3%) increased the most, decreased only prices of ‘intermediate goods’ (-0.5%).

According to an estimate, construction work prices went down by 1.4% (like in July) and construction material input prices fell by 0.7% (like in July).

Market services prices in the business sphere decreased by 2.1% (-2.2% in July). On the decrease were prices of ‘telecommunication services’ (-21.0%), ‘storage’ (-19.8%), ‘land transport services and transport services via pipelines’ (-4.5%) and ‘legal and accounting services’ (-1.3%). Increasing were prices in ‘postal and courier services’ (+8.3%) and prices of ‘advertising and market research services’ (+4.1%). Market services prices excluding advertising services decreased by 2.8% (-2.9% in July).

Industrial producer prices in the EU – July 2013*

According to the Eurostat News Releases, industrial producer prices increased by 0.4% in July (remained stable in June), month-on-month. Among the Member States for which data are available, the highest increases in the total index were recorded in the United Kingdom (+1.9%), Greece (+0.9%), the Netherlands and France (+0.7% both). Prices rose in Poland and Austria (+0.3% both) and in the Czech Republic (+0.2%). Prices remained stable in Germany and Bulgaria. The largest decreases were observed in Estonia (-5.0%), Slovakia (-0.5%) and Cyprus (-0.4%).

EU28 producer prices rose by 0.7% in June (+0.6% in July), year-on-year. The highest increases in the total index were observed in Estonia (+8.4%), Denmark (+5.1%) and the United Kingdom (+4.4%). Prices rose in the Czech Republic (+1.1%) and Germany (+0.6%). The largest decreases were recorded in Cyprus (-2.3%), Bulgaria (-1.8%) and Lithuania (-1.4%). Prices decreased in Poland (-0.9%), Austria (-0.8%) and Slovakia (-0.6%).

* Preliminary data


Notes:
Responsible manager of the CZSO: Jiri Mraz ek, 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 - 13 Price Indices of Constructions Works, Price Indices of Constructions and Indices of Construction Costs
7003 - 13 Producer Price Indices – Basic Information
700444 - 13 Industrial Producer Price Indices
700544 - 13 Agricultural Producer Price Indices
700844 - 13 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 October 2013

Text not edited for language.



  • aipc091613.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 2005)
  • Graph 2 Construction work prices (year-on-year changes, changes on base year 2005)
  • Graph 3 Prices of market services for the business sphere (year-on-year changes, changes on base year 2005)
  • Graph 4 Agricultural producer prices (year-on-year changes, changes on base year 2005)
  • Graph 5 Industrial producer price indices – international comparison (changes on base year 2010)
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Published: 16.09.2013
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