Producer price indices - April 2018

Agricultural producer prices decreased by 2.4%. Prices of potatoes (-7.0%), eggs (-6.1%), milk (-2.7%), oil plants (-2.5%) and poultry (-1.7%) went down. On the increase were prices of cereals (+0.3%) and pigs for slaughter (+0.8%).

Prices of industrial producers went up by 0.2%. Prices increased particularly in ‘coke, refined petroleum products’. Prices were higher in ‘basic metals, fabricated metal products’ and ‘wood, wood products, paper, printing’ (+0.3% both). On the decrease were prices in ‘transport equipment’ (-0.2%), thereof ‘parts and accessories for motor vehicles’ (-0.3%). Prices fell in ‘chemicals and chemical products’ (-0.5%) and ‘food products, beverages, tobacco’ (-0.1%), thereof ‘preserved meat and meat products’ (-0.7%).

According to an estimate, construction work prices increased by 0.2% and construction material input prices grew by 0.5%.

Prices of market services for businesses rose by 0.6% due to the price increasing of ‘employment services’ (+5.1%), ‘advertising and market research services’ (+5.0%) and ‘architectural and engineering services’ (+2.2%). On the decrease were prices of ‘management consulting services’ by 0.5%. Prices of market services for businesses excluding advertising services grew by 0.3%.

Year-on-year comparison:
Agricultural producer prices were lower by 1.9% (+1.6% in March). Prices of crop products dropped by 3.0% due to decreasing prices of oil plants (-13.7%) and potatoes (-7.3%). Higher were prices of fruit (+25.1%), vegetables (+9.6%) and cereals (+3.0%). Prices of animal products went down by 0.8%. Lower were prices of pigs for slaughter (-15.4%), eggs (-7.1%) and poultry (-0.3%). Prices of milk (+4.9%) and cattle for slaughter (+2.0%) went up.

Prices of industrial producers stayed unchanged in total y-o-y (+0.1% in March). Prices increased primarily in ‘electricity, gas, steam and air conditioning’ (+1.7%), ‘basic metals, fabricated metal products’ (+1.5%) and ‘mining and quarrying’ (+4.6%). Prices also went up in ‘coke, refined petroleum products’. Prices decreased the most importantly in ‘transport equipment’ (-3.5%), thereof ‘parts and accessories for motor vehicles’ (-5.4%). Prices fell in ‘chemicals and chemical products’ (-6.5%). Prices were lower in ‘food products, beverages, tobacco’ (-0.3%), thereof ‘other food products’ (-5.0%) and ‘preserved meat and meat products’ (-2.4%).

Among the main industrial groupings, prices of ‘energy’ (+2.4%) increased the most, year-on-year.

According to an estimate, construction work prices rose by 2.4% (like in March after specification) and construction material input prices grew by 2.3% (+1.8% in March).

Prices of market services for businesses were higher by 1.7% (+1.8% in March). Increasing were prices in ‘employment services’ (+16.7%), ‘security and investigation services’ (+10.3%), ‘postal and courier services’ (+5.3%), ‘insurance services’ and ‘publishing services’ (+3.4% both). On the increase were also prices of ‘publishing services’ (+3.1%), ‘real estate services’ (+2.9%) and ‘advertising and market research services’ (+1.8%). Lower were prices of ‘warehousing and support services for transportation’ by 2.5%. Prices of market services for businesses excluding advertising services increased by 1.9% (+1.8% in March). 

Industrial producer prices in the EU – March 2018 (preliminary data)
According to the Eurostat News Releases, industrial producer prices increased in March by 0.2% (no change in February) in EU28, month-on-month. The highest increases in industrial producer prices were recorded in six countries by 0.6%, among them was also Poland. Prices were higher in the Czech Republic (+0.3%) and Germany (+0.2%) and remained stable in Austria and decreased in Slovakia (-0.1%). Prices fell the most in Spain (-0.9%).

Industrial producer prices were higher in March by 2.4% (+1.8% in February) in EU28, year-on-year. The highest increase in prices was recorded in Estonia (+7.3%). Prices were higher in Slovakia (+3.3%), Germany (+2.0%), Austria (+1.7%), Poland (+1.5%) and the Czech Republic (+0.1%). The largest decrease was observed in Cyprus (-2.0%).

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