Producer price indices - 3. quarter of 2007

The prices of agricultural products in Q3 2007 compared to Q2 2007 increased by 4.9%. Prices of crop products increased by 4.3%, prices of animal products by 5.6%. The prices of cereals grew by 11.4%, oil plants by 7.0%, fruit by 8.7 % and vegetables by 4.4%. Prices of potatoes dropped by 24.3 %. The prices of pigs for slaughter grew by 16.4% and prices of poultry by 6.0%. Prices of eggs rose by 3.4% and milk by 2.0%.
The prices for agricultural products were by 15.0% up in Q3 2007 y-o-y (in Q2 by 10.9%). The growth was influenced by the prices of crop products, which increased by 28.3%, the prices of animal products were up by 2.2% (in Q2 drop by 2.4%). The increase of prices for crop products owed mainly to higher prices of cereals (by 50.6%). The prices of fruit were higher by 30.3% (apples) and oil plants by 18.4% (poppy). Prices of potatoes were lower by 8.4%. Prices of animal products were higher due to higher prices of eggs by 18.7%, poultry by 13.5% and milk by 3.5% (in Q2 prices dropped by 1.9%). Prices of pigs for slaughter were lower by 4.9% and prices of cattle for slaughter by 3.9%.

In Q3 2007 compared to Q2 2007 the prices of industrial producers increased by 0.8%.
Prices for ‘coke, refined petroleum products’ increased the most by 3.4%, ‘food products’ by 2.1% and ‘other non-metallic mineral products’ by 1.9%. The biggest drop of prices occurred for wood and wood products by 0.9%. The growth rate slowed down, particularly in ‘coke, refined petroleum products’ from 14.4% to 3.4% (drop of prices in August 2007) and in ‘chemicals, chemical products’ from 2.6% to - 0.5%. On the contrary the growth rate in the food sector accelerated from 0.9% to 2.1%.

Year-on-year industrial producers prices increased by 3.9% in Q3 2007 compared to Q3 2006 (by 4.2% in Q2). The biggest growth occurred in ‘coal, lignite, peat and petroleum by 11.1%. High price growth is still recorded in ‘ electrical energy, gas, steam and hot water’ (7.5%), of which the most for electricity production and distribution (+9.1%). In ‘ basic metals and fabricated metal products’ prices increased by 6.8% (in Q2 by 8.4%), of which the most for cast iron and steel tubes (+13.8%) and basic iron, steel and ferroy-alloys (+9.9%). Another contribution to the overall price growth had the price increase of ‘ other non-metallic mineral products’ (+6.5%), (the biggest quarterly increase since Q4 1998). A more constant price growth showed itself in the food sector, prices increased in Q3 by 3.9%, which is the highest y-o-y growth since Q3 2004. Prices were down y-o-y only in ‘ transport equipment’ (-0.8%), of which the most ‘parts and accessories for motor vehicles’ (2.1%) and ‘motor vehicles’ (1.2%).

The prices of construction work in Q3 2007 compared to Q2 2007 rose by 0.9% and the construction material input prices by 1.3%.
The prices of construction work in Q3 2007 compared to Q3 2006 were y-o-y higher by 3.7% (in Q2 by 3.6%), the construction material input prices increased by 6.0% (in Q2 2007 by 6.7%).

The prices of market services in Q3 2007 compared to Q2 2007 fell by 0.7%. The prices of real estate, renting and business services dropped by 1.0% (the price dropped for advertising services by 7.2%).
The prices for market services in Q3 2007 compared to Q3 2006 increased y-o-y by 1.1% in total (in Q2 2007 by 1.7%). The overall price level development was strongly affected by the prices of real estate renting and business services which advanced by 1.6% (in Q2 2007 growth by 2.5%). In this area the highest increase showed especially in prices for legal, accounting, book-keeping and auditing services and computer and related activities (both +2.9%). The prices for freight transport and storage were 3.1% up. The increase of 4.4% was recorded in prices for road freight transport. The prices for insurance and pension funding services were 2.7% down. Especially the prices for motorcar insurance dropped by 3.7%.