Export and import price indices - October 2016

In October 2016, export prices increased by 0.2%, import prices by 0.9%, the terms of trade figures reached 99.3%, month-on-month. Export prices decreased by 2.1%, import prices by 1.8%, the terms of trade reached 99.7%, year-on-year.
 

Month-on-month comparison:

Exports: export prices rose 0.2% in October (-0.2% in September). The change of the total m-o-m export price index was driven mainly by a 5.7% price growth in ‘mineral fuels, lubricants and related materials’. Among important sections, prices were rising in ‘crude materials, inedible, except fuels’ (+0.6%), ‘miscellaneous manufactured articles’ (+0.2%) and ‘machinery and transport equipment’ (+0.2%). Biggest price drop (-0.6%) was observed in ‘manufactured goods classified chiefly by material’.

Imports: import prices increased by 0.9% in October (no change in September). The change of the total m-o-m import price index was driven mainly by a 6.2% price growth in ‘mineral fuels, lubricants and related materials’. Both ‘machinery and transport equipment’ prices and ‘chemicals and related products’ prices rose 0.4%. There was no price drop spotted in any of the observed groups.

The terms of trade decreased to the value of 99.3% (99.8% in September). Negative values of terms of trade were reached by prices of ‘food and live animals’ (99.1%), ‘manufactured goods classified chiefly by material’ (99.2%) and ‘machinery and transport equipment’ (99.8%). ‘Crude materials, inedible, except fuels’ reached positive value of terms of trade – 100.6%. 
 

Year-on-year comparison:

Exports: export prices decreased by 2.1% (-2.4% in September). The change of the total y-o-y export price index was driven mainly by a 1.7% price drop in ‘machinery and transport equipment’. Prices were significantly falling in ‘mineral fuels, lubricants and related materials’
(-6.9%), ‘chemicals and related products’ (-4.1%) and ‘manufactured goods classified chiefly by material’ (-2.8%). Prices of ‘animal and vegetable oils’ reached the biggest price growth of 7.1%.

Imports: import prices fell 1.8% (-3.0% in September). The change of the total y-o-y import price index came mainly from a 9.3% price drop in ‘mineral fuels, lubricants, and related products’. Prices of ‘chemicals and related products’, ‘manufactured goods classified chiefly by material’ and ‘machinery and transport equipment’ decreased by 1.7%, 1.6% and 1.2%; respectively. ‘Food and live animals’ prices rose 0.6%.

The terms of trade figures decreased to the value of 99.7% (100.6% in September) switching into negative values after thirteen months. Prices of ‘food and live animals’ (97.5%), ‘manufactured goods classified chiefly by material’ (98.8%) and ‘machinery and transport equipment‘ (99.5%) reached negative values of terms of trade. Among important sections, positive values of the terms of trade were reached by ‘mineral fuels, lubricants and related materials’ (102.6%) and ‘miscellaneous manufactured articles’ (100.7%).
 

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Notes:
Responsible manager of the CZSO: Jiří Mrázek, Department Director
Contact: Vladimír Klimeš, phone (+420) 274 054 102, e-mail: vladimir.klimes@csu.gov.cz
Method of data collection: Selective survey of the CZSO
End of data collection: 16th calendar day after the reference month
Related publications: 013012-16 Import and Export Price Indices in the Czech Republic
https://csu.gov.cz/export-and-import-price-indices
Specific methodical notes: The data released are final.
Next News Release: 16 January 2017