Producer price indices - 2. quarter of 2008
Product Code: e-7032-08
Agricultural producer prices grew by 1.9% in Q2 2008 compared to Q1 2008. Prices of crop products rose by 5.6% and prices of animal products fell by 3.1%. Price increases were recorded for cereals (+3.0%), oil plants (+9.0%), potatoes (+3.8%) and fruit (+10.7%). The prices of vegetables decreased by 18.2%. Among animal products, the prices of pigs and cattle for slaughter grew by 10.2% and 0.5% respectively. Milk and egg prices fell by 8.4% and 15.4% respectively.
Year-on-year, agricultural producer prices were up by 27.3% in Q2 2008 (+26.7% in Q1 2008). Prices of crop products grew by 38.9% and prices of animal product prices by 13.2%. The higher crop product prices were mainly due to the prices of cereals (+56.0%). Price increases were registered also for oil plants (+67.9%) and fruit (+39.0%, mainly apples). The prices of potatoes (-42.0%) and vegetables (-5.8%) fell. The price increase of animal products was affected by higher prices of milk (+18.3%), poultry (+16.5%), eggs (+14.1%) and pigs for slaughter (+8.6%). The prices of cattle for slaughter decreased (-1.7%).
Industrial producer prices grew by 1.1% in Q2 2008 in comparison to Q1 2008. The highest price increase was observed in ‘coke, refined petroleum products’ (+12.8%, as against +2.1% in Q1 2008). The growth rate of ‘coal and lignite; peat; crude petroleum’ slowed down from 13.8% to 2.6%. Prices of ‘food products, beverages and tobacco’ fell by 1.1% and prices of ‘electrical energy, gas, steam and water’ by 0.6%.
Year-on-year, industrial producer prices grew by 5.1% in Q2 2008 (+5.6% in Q1 2008). The highest price increases were recorded for ‘coke, refined petroleum products’ (+26.9%), ‘coal and lignite; peat; crude petroleum’ (+20.0%), ‘electrical energy, gas, steam and water‘ (+9.1%) and ‘food products, beverages and tobacco’ (+8.9%). On the decrease were the prices of ‘transport equipment‘ (-4.9%), ‘wood and products of wood and cork’ (-3.8%), ‘rubber and plastic products’ (-3.0%) and ‘textiles and textile products’ (-0.6%).
Construction work prices grew by 1.2% in Q2 2008 in comparison to Q1 2008; construction material input prices increased by 1.4%.
Year-on-year, construction work prices were higher by 4.9% in Q2 2008 (+4.7% in Q1 2008); construction material input prices grew by 2.5% (+3.0% in Q1 2008).
Prices of market services grew by 2.0% in Q2 2008 compared to Q1 2008 due to a price increase of 3.0% in prices of ‘real estate, renting and business services’.
Year-on-year price increase in market services reached 4.0% in total in Q2 2008 (+3.3% in Q1 2008). The overall price level was mainly affected by prices of real estate, renting and business services, which were up by 5.7% (+4.7% in Q1 2008). Within this CZ-CPA section especially the prices of ‘advertising services’ (+11.2%) grew. Prices of transport, storage and communication services increased by 2.6% and prices of post and telecommunication services by 2.3% (a price rise of postal services). Prices of insurance and pension funding services were down by 1.7%.
