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Producer price indices - 3rd quarter of 2011

Publication Date: 17. 10. 2011

Product Code: a-7055-11



Compared to Q2 2011, agricultural producer prices fell by 5.0% in Q3 2011 (4.1% price growth in Q2 2011). Prices of crop products decreased (-9.7%) and those of animal products increased (+1.8%). Prices of oil plants and vegetables fell (-6.6% both). Prices of fruit, cereals and potatoes were lower (-11.0%, -9.6% and -27.2%, respectively). Among animal products price increases were recorded in eggs (+5.2%), pigs for slaughter (+4.1%), poultry (+2.0%) and milk (+0.4%).
Prices of agricultural producers in Q3 2011 compared to Q3 2010 were 16.6% higher. The price growth came mainly from crop products (+25.2%); prices of animal products grew by 7.3%. Higher prices in crop products were mainly affected by prices of cereals (+44.5%) and oil plants (+39.0%). On the increase were prices of fruit (+15.0%). In contrast, prices of vegetables (-31.3%) and potatoes (-3.1%; 64.4% price growth in Q2 2011) fell. Prices of animal products were higher due to price growth of milk (+11.6%), poultry (+11.0%) and cattle for slaughter (+4.8%). Prices of pigs for slaughter nearly didn’t change. Prices of eggs were 6.4% down.

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In the third quarter of 2011, compared to the previous quarter, industrial producer prices in total remained stable. Prices went down in ‘coke, refined petroleum products’ (+-2.3%), ‘chemicals and chemical products’ (-1.7%) and ‘mining and quarrying’ (-1.4%). Prices went up more significantly in ‘food products, beverages, tobacco’ and ‘rubber and plastic products, other non-metallic mineral products’ (+0.7% both)

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Prices of industrial producer increased by 5.6% in the third quarter of 2011 (+6.0% in the second quarter of 2011), year-on-year. Prices rose in ‘coke, refined petroleum products’ (+21.4%), ‘chemicals and chemical products’ (+9.6%) and ‘food products, beverages, tobacco’ (+9.0%). Prices fell in ‘transport equipment’ (-1.6%) and ‘computer, electronic and optical products’ (-2.3%).

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According to an estimate, construction work prices in Q3 2011 compared to Q2 2011 were 0.2% lower; prices of construction material input increased by 0.5%.
According to an estimate, construction work prices in Q3 2011 compared to the corresponding period of 2010 decreased by 0.6%, prices of construction material input increased by 2.5%.

In comparison to Q2 2011, prices of market services decreased by 1.0% in Q3 2011. Lower were especially prices of advertising and market research services (-8.1%). On the decrease were prices in real estate services (-0.4%), financial intermediation, except insurance (-0.4%) and telecommunications services (-0.2%). Higher prices were recorded in freight transport services (+0.9%). Prices of market services excluding advertising services stayed unchanged.
In Q3 2011, prices of market services grew by 0.8% in total compared to Q3 2010. Price increases were recorded mainly for advertising and market research services (+5.9%), postal and courier services (+2.5%), financial intermediation, except insurance (+2.4%) and freight transport services (+1.9%). On the decrease were prices in rental and leasing services (-6.1%) and insurance services (-2.4%). Prices in real estate services were 0.3% lower (+0.4% up in the 2Q 2011). Prices of market services excluding advertising services increase by 0.2%.

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