Producer price indices - August 2016

In August 2016 compared with the previous month, agricultural producer prices were lower by 0.5% and industrial producer prices went down by 0.2%. Construction work prices and prices of market services stayed unchanged. In comparison to August 2015, agricultural producer prices fell by 6.9% and industrial producer prices also decreased by 3.4%. Construction work prices grew by 0.9% and prices of market services went up by 0.1%.

Month-on-month comparison:

Agricultural producer prices were lower by 0.5%. Prices of potatoes (-19.4%), fruit (-15.5%), fresh vegetables (-6.1%), eggs (-2.9%), poultry (-2.3%) and cereals (-0.8%) went down. Prices of pigs for slaughter (+5.8%), oil plants (+0.7%) and cattle for slaughter (+0.6%) went up.

Prices of industrial producers went down by 0.2%. Prices decreased particularly in ‘coke, refined petroleum products’. Prices were lower in ‘chemicals and chemical products’ (-0.6%). On the decrease were also prices in ‘rubber and plastic products, other non-metallic mineral products’ and ‘mining and quarrying’ (-0.2% both). Prices rose in ‘basic metals, fabricated metal products’ and ‘food products, beverages, tobacco’ (+0.3% both). From ‘food products’, prices were higher in ‘dairy products’ (+1.7%) and ‘preserved meat and meat products’ (+1.0%).

According to an estimate, construction work prices and construction material input prices stayed unchanged.

Market services prices in the business sphere stayed unchanged. On the decrease were prices of ‘financial services, except insurance and pension funding’ by 0.1%. Prices of ‘advertising and market research services’ increased by 0.2%. Market services prices excluding advertising services also stayed unchanged.

Year-on-year comparison:

Agricultural producer prices went down by 6.9% (-6.8% in July). Prices of crop products decreased by 7.3%. Lower were prices of cereals (-12.8%), oil plants (-3.7%), potatoes and fresh vegetables (-2.3% both). Higher were prices of fresh fruit by 11.5%. Prices of animal products fell by 6.6% due to decreasing prices of milk (-16.2%), eggs (-14.6%), poultry (-4.7%) and cattle for slaughter (-2.9%). Higher were prices of pigs for slaughter by 8.6%.

Prices of industrial producers decreased by 3.4% (-4.0% in July). Lower were prices primarily in ‘coke, refined petroleum products’. Prices fell in ‘chemicals and chemical products’ (-9.4%), ‘mining and quarrying’ (-6.0%) and ‘electricity, gas, steam and air conditioning’ (-4.0%). Lower were prices in ‘food products, beverages, tobacco’ (-2.5%), thereof ‘dairy products’ (-8.0%), ‘grain mill products, starches and starch products’ (-3.6%) and ‘bakery and farinaceous products’ (-2.6%). Prices rose in ‘water supply, sewerage, waste management and remediation services’ (+1.6%) and ‘furniture, other manufactured products’ (+0.8%), thereof ‘installation services of industrial machinery and equipment (+1.0%).

Among the main industrial groupings, prices of ‘energy’ (-7.4%) decreased the most, y-o-y.

According to an estimate, construction work prices rose by 0.9% (+1.1% in July) and construction material input prices fell by 0.9% (-1.3% in July).

Prices of market services in the business sphere grew by 0.1% (+0.2% in July). Increasing were prices in ‘postal and courier services’ (+5.6%) and ‘advertising and market research services’ (+2.3%). On the decrease were prices of ‘land transport services and transport services via pipelines’ (-1.1%) and ‘insurance, reinsurance and pension funding services, except compulsory social security’ (-3.4%). Market services prices excluding advertising services stayed unchanged (like in July). 

Industrial producer prices in the EU – July 2016*

According to the Eurostat News Releases, industrial producer prices increased in July by 0.1% (+0.8% in June) in EU28, month-on-month. Among the Member States for which data are available, the highest increases were observed in Cyprus (+2.2%), the United Kingdom (+0.6%) and Luxembourg (+0.4%). Prices went up in Germany (+0.2%) and Slovakia (+0.1%), remained stable in the Czech Republic and Austria and went down in Poland (-0.2%). Prices decreased the most in Estonia (-2.3%) and Denmark (-1.3%).

Industrial producer prices decreased in July by 2.5% (-2.9% in June) in EU28, year-on-year. Prices fell the most in Greece (-7.0%), the Netherlands (-6.4%) and Croatia (-5.0%). Prices went down in Slovakia (-4.7%), the Czech Republic (-4.0%), Austria (-2.8%), Germany (-1.9%) and Poland (-0.8%). Prices increased only in Malta (+0.9%), Denmark (+0.4%) and Sweden (+0.1%).
 

* Preliminary data
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Notes:
Responsible manager of the CZSO: Jiri Mrazek, Department Director, phone (+420) 274 052 533,e-mail: jiri.mrazek@csu.gov.cz
Contact: Jiri Sulc, phone (+420) 274 052 148, e-mail: jiri.sulc@csu.gov.cz
Miloslav Beranek, phone (+420) 274 052 665,e-mail: miloslav.beranek@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: 011041 - 16 Price Indices of Constructions Works, Price Indices of Constructions and Indices of Construction Costs
011044 - 16 Industrial Producer Price Indices
011045 - 16 Agricultural Producer Price Indices
011046 - 16 Market Services Price Indices in the Business Sphere
Internet: https://csu.gov.cz/producer-prices-publications
Next News Release: 17 October 2016

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