Producer price indices - August 2019

Y-o-y growth of agricultural producer prices slowed down significantly

16.09.2019
Code: 011047-19
 

Industrial producer prices (+0.1%), construction work prices (+0.3%) and service producer prices in the business sphere (+0.4%) went up, month-on-month (m-o-m). Agricultural producer prices went down by 6.0%. From the year-on-year perspective, agricultural producer prices (+4.1%), industrial producer prices (+2.1%), construction work prices (+3.8%) and service producer prices in the business sphere (+2.7%) increased.

Month-on-month comparison

Agricultural producer prices fell by 6.0%. Prices of potatoes (-19.0%), oleaginous crops
(-12.0%), vegetables (-11.5%), cereals (-6.3%), poultry (-2.8%), cattle for slaughter (-1.4%) and milk (-1.1%) decreased. Prices of pigs for slaughter increased by 1.6%.

Prices of industrial producers increased by 0.1%. Prices went up in ‘transport equipment’ (+0.5%), thereof ‘parts and accessories for motor vehicles’ (+0.8%). Prices grew in ‘chemicals and chemical products’ (+0.8%) and ‘electrical equipment’ (+0.5%). Lower were prices in ‘coke, refined petroleum products’. Prices fell in ‘food products, beverages, tobacco’ (-0.1%), thereof ‘dairy products’ (-0.7%), ‘grain mill products, starches and starch products’ (-1.0%), on the other hand, prices rose in ‘preserved meat and meat products’ (+0.5%).

According to an estimate, construction work prices were higher by 0.3% and prices of construction material and products input remained stable.

Service producer prices in the business sphere went up by 0.4%. Prices for ‘advertising and market research services’ (+6.0%), ‘warehousing and support services for transportation’ (+0.4%) and ‘legal and accounting services’ (+0.2%) grew. Prices for ‘management consulting services’ (-1.3%) and ‘employment services’ (-0.4%) fell. Service producer prices in the business sphere, excluding advertising services, remained stable.

Year-on-year comparison

Agricultural producer prices rose by 4.1% (in July they increased by 12.1%). Prices in the crop production grew by 2.8%. Prices of potatoes (+75.9%), fruit (+22.3%), vegetables (+18.4%) and cereals (+1.8%) went up. Prices of oleaginous crops dropped by 1.6%. Prices of animal products grew by 5.7%. Prices of pigs for slaughter (+25.0%) and milk (+4.5%) increased. Prices for eggs (-8.6%), poultry (-3.2%) and cattle for slaughter (-2.7%) decreased.

Prices of industrial producers rose by 2.1%, like in July. Prices were higher particularly in ‘electricity, gas, steam and air conditioning’ (+7.7%). Prices grew in ‘food products, beverages, tobacco’ (+3.7%), thereof ‘preserved meat and meat products’ (+9.6%). Prices increased in ‘furniture, other manufactured products’ (+4.2%), ‘rubber and plastic products, other non-metallic mineral products’ (+3.0%) and ‘mining and quarrying’ (+6.8%). Prices decreased significantly in ‘coke, refined petroleum products’. Lower were prices also in ‘chemicals and chemical products’ (-2.2%).
Among the main industrial groupings, prices of ‘non-durable consumer goods’ (+3.5%) and ‘energy’ (+3.4%) were higher especially.

According to an estimate, construction work prices rose by 3.8% (in July they increased by 3.9%) and prices for construction material and products input grew by 3.2% (in July they increased by 3.1%).

Service producer prices in the business sphere were higher by 2.7% (in July they increased by 2.5%). Prices for ‘employment services’ (+9.8%), ‘insurance, reinsurance and pension funding services, except compulsory social security’ (+6.6%) and ‘advertising and market research services’ (+5.9%) went up. Furthermore, prices were higher for ‘management consulting services’ (+4.4%) and ‘land transport services’ (+2.2%). Prices of ‘warehousing and support services for transportation’ were lower by 0.8%. Service producer prices in the business sphere, excluding advertising services, grew by 2.4% (the same way as in July).

Industrial producer prices in the EU – July 2019 (preliminary data)

According to the Eurostat News Releases, industrial producer prices increased in July by 0.3% (-0.7% in June) in EU28, month-on-month. The highest increase in prices was recorded in Cyprus (+1.7%). Prices rose in Germany, Austria and Poland (+0.1% all), remained stable in Slovakia and fell in the Czech Republic (-0.1%). The largest decrease was observed in Belgium (-1.0%).
Industrial producer prices were higher in July by 0.6% (+0.9% in June) in EU28, year-on-year.
The highest increase in prices was recorded in Romania (+6.2%). Prices rose in Slovakia (+2.2%), the Czech Republic (+2.1%), Germany (+1.3%) and Poland (+1.1%) and decreased in Austria (-0.3%). The largest decrease was observed in Denmark (-3.0%).

_________________
Notes: 
Responsible head at the CZSO: Jiří Mrázek, Director of Prices Statistics Department,
phone (+420) 274 052 533, e-mail: jiri.mrazek@czso.cz
Contact person: Jiří Šulc, Head of Agricultural, Construction, and Services Prices Statistics Unit, phone (+420) 274 052 148,
e-mail: jiri.sulc@czso.cz
Miloslav Beránek, Industrial and External Trade Prices Statistics Unit, phone (+420) 274 052 665,
e-mail: miloslav.beranek@czso.cz
Method of data acquisition: CZSO direct surveys
End of data collection / End of data processing:
Agricultural producer price indices: 26th calendar day of reference month / 8th calendar day of the following month
Industrial producer price indices: 20th calendar day of reference month / 9th calendar day of the following month
Service producer prices in the business sphere: 20th calendar day of reference month / 9th calendar day of the following month
Except for the construction work price indices, the published figures are final data. Estimates of the construction work price indices are carried out on the 9th calendar day of the following month. Then, construction work price indices are made more precise using results of the finished quarterly survey and the finalised data are released on the 46th calendar day of the following quarter.
Related publications: 011041 – 19 Price Indices of Constructions Works, Price Indices of Constructions, and Indices of Construction Costs
011044 – 19 Industrial Producer Price Indices
011045 – 19 Agricultural Producer Price Indices
011046 – 19 Service Producer Prices in the Business Sphere
Following outcomes: https://www.czso.cz/csu/czso/producer-prices-publications
Next News Release will be published on: 16 October 2019

  •      aipc091619.docx
  • Annexes:
  • Table 1 Producer Price Indices
  • Table 2 Industrial Producer Price Index by Main Industrial Groupings
  • Table 3 Industrial Producer Price Index (breakdown of the growth - month-on-month, year-on-year)
  • Chart 1 Industrial Producer Price Indices (year-on-year changes, changes on base year 2015)
  • Chart 2 Construction Output Price Indices (year-on-year changes, changes on base year 2015)
  • Chart 3 Price Indices of Market Services for Businesses (year-on-year changes, changes on base year 2015)
  • Chart 4 Agricultural Producer Price Indices (year-on-year changes, changes on base year 2015)
  • Chart 5 Industrial Producer Price Indices – International Comparison (changes on base year 2015)
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Published: 16.09.2019
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