Producer price indices - February 2011

Growth of producer prices continued

15.03.2011
Code: r-7001-11
 




In February 2011, compared with the previous month, agricultural and industrial producer prices grew by 5.1% and 0.5%, respectively. Construction work prices and market services prices increased by 0.1% and 0.3%, respectively.
In comparison to February 2010, agricultural and industrial producer prices were higher by 29.7% and 5.4%, respectively. Prices of market services were 0.3% up. Construction work prices decreased by 0.3%.


* * *

Monthly changes

Agricultural producer prices increased by 5.1% in total. Prices of crop products grew by 8.9%. Higher were prices of cereals (+11.7%), plant oils (+12.0%) and potatoes (+10.1%). Prices of fruit (-7.5%) and vegetables (-4.4%) fell. Prices of animal products increased by 0.4%, higher were prices of milk (+0.1%) and cattle for slaughter and poultry (+2.4% both). In contrast, prices of pigs for slaughter and eggs decreased by 0.7% and 2.4%, respectively.

Prices of industrial producers increased by 0.5% (+1.4% in January). M-o-m growth was influenced the most by the rising prices in ‘chemicals and chemical products’ (+3.9%), ‘basic metals, fabricated metal products’ (+0.9%) and ‘food products, beverages, tobacco’ (+0.5%). Prices went down moderately in ‘transport equipment’ (-0.5%).

According to an estimate, construction work and construction material input prices increased by 0.1% and 0.5%, respectively.

Market services prices in the business sphere grew by 0.3%, affected by price increase in architectural and engineering services and technical consultancy services (+1.2%), financial services, except insurance and pension funding (+1.1%), insurance services (+0.7%) and advertising and market research services (+0.6%). Prices in rental and leasing services fell by 5.0%. Market services prices in total excluding advertising services increased by 0.3%.

Annual changes

Agricultural producer prices were 29.7% up (+23.0% in January). Prices of crop products grew by 53.1%. Considerable increases were registered for prices of cereals (+72.1%), plant oils (+64.2%), potatoes (+78.8%), fruit (+23.2%) and vegetables (+29.5%). Prices of animal products grew (+6.9%), due to higher price of milk (+17.2%). On the increase were prices of poultry (+5.8%) and cattle for slaughter (+4.4%). On the decrease were prices of pigs for slaughter (-1.0%) and eggs (-27.9%). The considerable y-o-y growth was influenced particularly by lower comparative basis from the year of 2010.

Industrial producer prices rose by 5.4% (+4.6% in January). This is the most since September 2008. Prices were higher particularly in ‘coke, refined petroleum products’ (25.1%), ‘basic metals, fabricated metal products’ (+12.4%) and ‘food products, beverages, tobacco’ (+5.0%). The more conspicuous price decrease was observed in ‘transport equipment’ (-4.0%).
Among the main industrial groupings, prices of ‘energy’ increased the most (+9.7%); the largest decrease was recorded for ‘capital goods’ (-1.0%).

According to an estimate, construction work prices were down by 0.3% (-0.4% in January). Construction material input prices were 3.2% up (+2.6% in January).

Market services prices in the business sphere were up by 0.3% (+0.1% in January). Increasing were prices in freight transport (+2.0%), financial services, except insurance and pension funding (+2.7%), postal and courier services (+3.1%) and architectural and engineering services and technical consultancy services (+1.7%). Lower prices were recorded in rental and leasing services (-5.4%), insurance services (-2.4%) and computer programming, consultancy and related services (-1.7%). Market services prices excluding advertising services increased for the first time after 12 months by 0.4% in total (-0.2% in January).

Industrial producer prices in the EU – January 2011*

According to the Eurostat News Release, industrial producer prices in the EU27 increased by 1.4% in January (+1.2% in December), month-on-month. Among the Member States for which data are available, the highest increases were recorded in Spain (+2.4%), the Netherlands (+2.1%), Belgium and Portugal (+1.9% both). Prices rose in the Czech Republic (+1.4%), Germany (+1.2%), Slovakia (+1.0%) and in Poland (+0.8%). In Austria, data are not available for January (+0.7% in December). Decreases were observed in Sweden (-1.3%), Denmark (-0.5%) and Cyprus (-0.1%).

EU27 producer prices rose by 6.5% in January (+5.9% in December), year-on-year. The largest increases were observed in Bulgaria (+11.1%), Lithuania and the Netherlands (+10.3% both). Prices rose in Poland (+7.3%), Germany (+5.5%), the Czech Republic (+4.6%) and Slovakia (+1.9%). In Austria, data are not available for January (+5.4% in December). There was none y-o-y price decrease in states of EU27.

* 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:
7001-11 Price Indices of Constructions Works, Price Indices of Constructions and Indices of Construction Costs
7003-11 Producer Price Indices – Basic Information
7004-11 Industrial Producer Price Indices
7005-11 Agricultural Producer Price Indices
7008-11 Market Services Price Indices in the Business Sphere
Internet:
/csu/czso/ep-7-opendocument
/csu/czso/catalogue-of-products
Next News Release: 15 April 2011
Text not edited for language.



  • aipc031511.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: 15.03.2011
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