Producer price indices - February 2015

In comparison to February 2014, agricultural producer prices were lower by 8.8% and industrial producer prices fell by 3.6%. Construction work prices and prices of market services were both higher by 0.8% and 0.1%, respectively.

Month-on-month comparison:
Agricultural producer prices grew by 0.7%. Prices of oil plants (+2.5%), cereals (+4.2%), potatoes (+10.7%) and fresh vegetables (+13.4%) increased. Prices of eggs (-5.5%), milk
(-3.8%) and pigs for slaughter (-2.7%) went down.

Prices of industrial producers fell by 0.1%. Prices were lower in ‘chemicals and chemical products’ (-3.2%), ‘mining and quarrying’ and ‘transport equipment’ (-0.7% both) and ‘basic metals, fabricated metal products’ (-0.5%). Prices decreased in ‘food products, beverages, tobacco’ (-0.3%), thereof ‘dairy products’ (-1.6%), ‘preserved meat and meat products’ (-1.2%) and ‘bakery and farinaceous products’ (-0.7%). After six months of the falls, prices rose in ‘coke, refined petroleum products’ (+6.8%).

According to an estimate, construction work prices were higher by 0.1% and construction material input prices fell by 0.2%.

Market services prices in the business sphere stayed unchanged. On the increase were prices of ‘postal and courier services’ (+6.9%) and ‘advertising and market research services’ (+1.5%). On the decrease were prices of ‘information services’ (-1.4%) and ‘legal and accounting services’ (-1.1%). Market services prices excluding advertising services went down by 0.1%.

Year-on-year comparison:
Agricultural producer prices fell by 8.8% (-9.2% in January). Prices of crop products went down by 10.1%. Lower were prices of potatoes (-41.7%), fruit (-17.5%), fresh vegetables
(-17.0%), oil plants (-8.4%) and cereals (-6.9%). Prices of animal products went down by 7.6% due to decreasing prices of pigs for slaughter (-14.7%) and milk (-11.5%). On the increase were prices of cattle for slaughter (+2.7%), poultry (+6.1%) and eggs (+3.5%).

Prices of industrial producers went down by 3.6% (-3.5% in January). Prices decreased in ‘coke, refined petroleum products’ by 31.2% (-35.8% in January) and ‘chemicals and chemical products’ (-17.8%). Prices were lower in ‘food products, beverages, tobacco’ (-3.2%), thereof ‘dairy products’ (-9.7%), ‘other food products’ (-5.9%), ‘grain mill products, starches and starch products’ (-4.0%) and ‘preserved meat and meat products’ (-3.0%). Prices rose in ‘water supply, sewerage, waste management and remediation services’ (+3.4%) and ‘furniture, other manufactured products’ (+1.8%).

Among the main industrial groupings, prices of ‘energy’ (-8.8%) decreased the most, y-o-y.

According to an estimate, construction work prices increased by 0.8% (like in January) and construction material input prices fell by 0.1% (in January stayed unchanged).

Prices of market services in the business sphere grew by 0.1% (+0.7% in January). Increasing were prices in ‘financial services, except insurance and pension funding’ (+7.2%), prices of ‘publishing services’ (+2.3%). On the decrease were prices of ‘information services’
(-1.5%) and ‘architectural and engineering services’ (-1.3%). Market services prices excluding advertising services increased by 0.2% (+0.7% in January).

Industrial producer prices in the EU – January 2015*

According to the Eurostat News Releases, industrial producer prices decreased in January by 1.2% (-1.1% in December 2014) in EU28, month-on-month. Among the Member States for which data are available, the largest decreases were observed in the Netherlands (-3.6%), Lithuania (-3.1%) and the United Kingdom (-2.9%). Prices fell in the Czech Republic (-1.0%), Slovakia and Austria and Germany (-0.7% all) and Poland (-0.4%). Prices increased only in Latvia (+0.4%), Luxembourg and Malta (+0.1% both) and remained stable in Romania and Slovenia.

Industrial producer prices fell in January by 4.1% (-3.1% in December 2014) in EU28, year-on-year. The largest decreases were observed in the Netherlands (-10.9%), Lithuania (-10.6%) and the United Kingdom (-9.5%). Prices were lower in Slovakia (-3.9%), Poland (-3.6%), the Czech Republic (-3.5%), Austria (-2.5%) and Germany (-2.2%).Prices rose only in Luxembourg (+1.4%).

* Preliminary data

Text not edited for language.