Producer price indices - February 2016

The fall in prices of industrial and agricultural producers continued

16.03.2016
Code: 011047-16
 

In February 2016 compared with the previous month, agricultural producer prices went down by 1.1% and industrial producer prices fell by 0.6%. Construction work prices and prices of market services were both higher by 0.1%. In comparison to February 2015, agricultural producer prices were lower by 2.9%, industrial producer prices decreased by 4.0% and prices of market services also went down by 0.1%. Construction work prices went up by 1.3%.


Month-on-month comparison:
Agricultural producer prices decreased by 1.1%. Prices of eggs (-4.8%), pigs for slaughter
(-2.6%), milk (-2.3%), and oil plants (-1.6%) went down. Prices of potatoes (+5.1%), vegetables (+4.8%) and poultry (+1.3%) went up.

Prices of industrial producers went down by 0.6%. Prices decreased more significantly in ‘coke, refined petroleum products’. Prices were lower in ‘basic metals, fabricated metal products’ (-1.3%) and ‘chemicals and chemical products’ (-2.5%). Prices also fell in ‘food products, beverages, tobacco’ (-0.2%), thereof ‘preserved meat and meat products’ (-0.9%) and ‘dairy products’ (-0.7%). Prices rose only in ‘computer, electronic and optical products’ (+0.1%).

According to an estimate, construction work prices were higher by 0.1% and construction material input prices were lower by 0.4%.

Market services prices in the business sphere rose by 0.1% due to the price increasing of ‘advertising and market research services’ (+3.4%) and ‘publishing services’ (+0.4%). On the decrease were prices of ‘insurance, reinsurance and pension funding services, except compulsory social security’ by 3.0%. Market services prices excluding advertising services fell by 0.2%.

Year-on-year comparison:
Agricultural producer prices went down by 2.9% (-1.2% in January). Prices of crop products went up by 3.4%. Higher were prices of vegetables (+78.9%), potatoes (+57.7%), fruit (+8.7%) and oil plants (+4.0%). Prices of animal products fell by 8.9% due to decreasing prices of milk
(-14.9%), eggs (-7.5%), pigs for slaughter (-6.6%) and poultry (-2.7%). On the increase were prices of cattle for slaughter by 0.4%.

Prices of industrial producers went down by 4.0% (-3.4% in January). Lower were prices particularly in ‘coke, refined petroleum products’. Prices decreased in ‘basic metals, fabricated metal products’ (-5.8%) and ‘electricity, transmission and distribution services’ (-6.2%). Prices fell in ‘transport equipment’ (-2.8%), thereof ‘parts and accessories for motor vehicles’ (-4.2%), on the other hand, ‘motor vehicles’ (+3.0%). On the decrease were also prices in ‘mining and quarrying’ (-6.1%) and ‘food products, beverages, tobacco’ (-1.5%). On the increase were prices only in ‘water supply, sewerage, waste management and remediation services’ (+0.5%).

Among the main industrial groupings, prices of ‘energy’ (-10.1%) decreased the most, y-o-y.

According to an estimate, construction work prices rose by 1.3% (like in January) and construction material input prices fell by 1.4% (-1.2% in January).

Prices of market services in the business sphere went down by 0.1% (-0.2% in January). Decreasing were prices in ‘land transport services and transport services via pipelines’ (-1.1%) and ‘insurance, reinsurance and pension funding services, except compulsory social security’

(-3.9%). On the increase were prices of ‘architectural and engineering services’ (+3.3%). Market services prices excluding advertising services were lower by 0.2% (-0.1% in January). 

Industrial producer prices in the EU – January 2016*
According to the Eurostat News Releases, industrial producer prices went down in January by 1.0% (-0.8% in December 2015) in EU28, month-on-month. Among the Member States for which data are available, the largest decreases were recorded in the Netherlands (-3.1%), Greece (-2.9%) and Belgium (-2.7%). On the decrease were also prices in the Czech Republic (-1.6%), Slovakia (-1.3%), Poland (-1.1%), Austria (-0.9%) and Germany (-0.8%). Prices rose the most in Estonia (+4.5%) and Denmark (+1.7%).

Industrial producer prices decreased in January by 2.9% (-3.2% in December 2015) in EU28, year-on-year. Prices fell in all Member States except Estonia, where prices remained stable. Prices went down the most in the Netherlands (-6.8%), Cyprus (-6.6%) and Greece (-6.3%). On the decrease were prices in Slovakia (-5.3%), the Czech Republic (-3.4%), Austria (-2.8%), Germany (-2.3%) and Poland (-1.5%).

* Preliminary data

 

Notes:
Responsible manager of the CZSO: Jiri Mrazek, Department Director, phone (+420) 274 052 533, e-mail: 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 - 16 Price Indices of Constructions Works, Price Indices of Constructions and Indices of Construction Costs
011039 - 16 Producer Price Indices – Basic Information
011044 - 16 Industrial Producer Price Indices
011045 - 16 Agricultural Producer Price Indices
011046 - 16 Market Services Price Indices in the Business Sphere
Internet: https://www.czso.cz/csu/czso/producer-prices-publications
Next News Release: 18 April 2016
Text not edited for language.

 

 

 

  •      aipc031616.docx
  • 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 2010)
  • Graph 5 Industrial producer price indices – international comparison (changes on base year 2010)
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Published: 16.03.2016
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