Producer price indices - August 2012

In August 2012 compared with the previous month, agricultural producer prices decreased by 0.9%, industrial producer prices grew by 0.5%. Construction work prices and market services prices stayed both unchanged.
In comparison to August 2011, prices of agricultural and industrial producer prices increased by 4.6% and 1.9%, respectively. Prices of construction works and market services were lower by 0.4% and 0.9%, respectively.

Month-on-month comparison:

Aricultural producer prices in total decreased (-0.9%). Prices of crop products after seven months of growth fell by 1.3% as a result of lower prices of vegetables (-27.7%), fruit (-11.3%) and oil plants (-1.5%). Prices of cereals were higher by 2.6%. Prices of animal products decreased (-0.5%) due to lower prices of milk (-1.8%) and eggs (-1.3%). Prices of cattle for slaughter and pigs for slaughter were higher by 1.4% and 0.4%, respectively.

Prices of industrial producers increased by 0.5%. The fastest rate of the growth was recorded for prices in ‘coke, refined petroluem products’ (+7.9%) and ‘chemicals and chemical products’ (+3.4%). Prices went up in ‘food products, beverages, tobacco’ (+0.4%), of these ‘vegetable and animal oils and fats’ (+4.9%) and ‘prepared animal feeds’ (+4.2%).
Prices went down in ‘transport equipment’ (-0.8%), ‘basic metals, fabricated metal products’ (−0.7%) and ‘rubber and plastic products, other non-metallic mineral products’ (-0.6%).

According to an estimate, construction work prices stayed unchanged, construction material input prices stayed fell by 0.4%

Market services prices in the business sphere stayed unchanged. Prices of advertising and market research services increased by 0.5%. In contrast, financial intermediation, except insurance fell by 0.3%. Market services prices in total excluding advertising services also remained unchanged.

Year-on-year comparison:

Agricultural producer prices were higher by 4.6% (2.4% in July). Prices of crop products grew by 8.3%, primarily prices of oil plants increased (+10.0%), cereals (+11.8%) and vegetables (+17.3%). Prices of potatoes fell (-19.6%). Animal products prices decreased by 0.1% (last price drop was recorded in January 2010). Prices of milk fell by 12.6%. Price of eggs grew (+42.6%), prices of cattle for slaughter increased as well (+12.5%). Prices of pigs for slaughter and poultry also grew (+12.1%) and (+1.0%), respectively.

Industrial producer prices gained 1.9% (+1.3% in July). Prices increased significantly in ‘coke, refined petroleum products’ (+14.7%), ‘chemicals and chemical products’ (+5.3%) and ‘food products, beverages, tobacco’ (+2.1%), of these in ‘vegetable and animal oils and fats’ (+11.1%) and ‘other food products’ (+7.5%). Prices fell in ‘mining and quarrying’ (-3.3%), of these in ‘coal and lignite’ (-6.6%) and on the other hand went up in ‘crude petroleum and natural gas’ (+10.2%). Prices decreased in ‘basic metals fabricated metal products’ (-0.5%).
Among the main industrial groupings, prices of ‘energy’ (+4.4%) increased the most, prices of ‘durable consumer goods’ (-0.5%) decreased only.

According to an estimate, construction work prices were down by 0.4% (-0.5% in July). Construction material input prices were up by 0.9% (+1.0% in July).

Market services prices in the business sphere decreased by 0.9% (the same as in July). Decreasing were prices in advertising and market research services (-5.7%), architectural and engineering services (-2.8%) and telecommunication services (-1.0%). On the increase were prices of freight transport services (+0.8%) and financial intermediation, except insurance (+3.5%). Market services prices excluding advertising services decreased by 0.3% the same as in July).

Industrial producer prices in the EU – July 2012*

According to the Eurostat News Releases industrial producer prices in the EU27 increased by 0.4% in July (-0.8% in June), month-on-month. Among the Member States for which data are available, the highest increases were recorded in Greece (+2.1%), Bulgaria (+1.9%) and Lithuania (+1.5%) and the largest decreases in Denmark (-1.6%), Ireland and Sweden (-0.8% both). Prices decreased in the Czech Republic (-0.3%), Austria and Slovakia (-0.2% both), Poland (-0.1%) and remained stable in Germany.

EU27 producer prices rose by 1.5% in July (+1.6% in June), year-on-year. The largest increases were observed in Cyprus (+6.9%), Hungary (+6.1%), Bulgaria and Romania (+4.5% both). Prices rose in Slovakia (+3.7%), Poland (+3.3%), the Czech Republic (+1.3%), Germany (+0.9%) and in Austria (+0.2%). Decreases were recorded only in Denmark (-0.9%), Sweden (−0.8%) and the United Kingdom (-0.3%).

* Preliminary data


Notes:
Responsible manager of the CZSO: Jiri Mrazek, Department Director, phone (+420) 274 052 533, jiri.mrazek@csu.gov.cz
Contact: Miloslav Beranek, phone (+420) 274 052 665, e-mail: miloslav.beranek@csu.gov.cz
Hana Sykorova, phone (+420) 274 054 101, e-mail: hana.sykorova@csu.gov.cz
Data source: CZSO surveys
End of data collection / end of data processing:
Agricultural producer price indices: 24th calendar day of reference month / 8th calendar day of the following month
Industrial producer price indices: 20th calendar day of reference month / 7th calendar day of the following month
Construction work price indices: last calendar day of reference month / 5th working day of the following month
Market services price indices: 15th calendar day of reference month / 7th calendar day of the following month
Except for the construction work price indices, the published data are finalised. Estimates of the construction work price indices are carrying out on the 9th calendar day of the following day. Construction work price indices are updated using the finished quarterly survey and the finalised data are released on the 45th calendar day of the following quarter.
Related publications: 700144 - 12 Price Indices of Constructions Works, Price Indices of Constructions and Indices of Construction Costs
7003 - 12 Producer Price Indices – Basic Information
700444 - 12 Industrial Producer Price Indices
700544 - 12 Agricultural Producer Price Indices
700844 - 12 Market Services Price Indices in the Business Sphere
Internet: http://www.czso.cz/csu/2012edicniplan.nsf/engs/2012-E_2
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Next News Release: 15 October 2012
Text not edited for language.