Producer price indices - February 2017

Month-on-month comparison:

Agricultural producer prices grew by 1.2%. Prices of potatoes (+10.8%), vegetables (+5.7%), milk (+2.7%), oil plants (+2.3%) and cereals (+2.0%) went up. Prices of fruit (-5.4%), poultry
(-2.8%) and pigs for slaughter (-2.3%) went down.

Prices of industrial producers went up by 0.4%. Prices were higher in ‘chemicals and chemical products’ (+3.8%), ‘mining and quarrying’ (+3.1%) and ‘basic metals, fabricated metal products’ (+2.1%). Lower were prices in ‘transport equipment’ (-0.9%) and ‘food products, beverages, tobacco’ (-0.1%).

According to an estimate, construction work prices rose by 0.1% and construction material input prices increased by 0.6%.

Market services prices in the business sphere grew by 0.4% due to the price increasing of ‘advertising and market research services’ (+4.0%), ‘warehousing and support services for transportation’ (+1.2%), ‘insurance, reinsurance and pension funding services, except compulsory social security’ (+0.6%) and ‘real estate services’ (+0.5%). On the decrease were prices of ‘legal and accounting services’ (-0.8%) and ‘architectural and engineering services’
(-0.6%). Market services prices excluding advertising services rose by 0.2%.

Year-on-year comparison:

Agricultural producer prices were lower by 0.8% (-3.0% in January). Prices of crop products went down by 7.8%. Lower were prices of fresh vegetables (-35.6%), potatoes (-20.5%), cereals (-10.1%) and fruit (-3.9%). Prices of animal products grew by 6.7% due to increasing prices of pigs for slaughter (+18.1%), milk (+7.0%) and eggs (+5.5%). Lower were prices of poultry
(-3.5%) and cattle for slaughter (-0.3%).

Prices of industrial producers rose by 3.1% (+2.1% in January). Prices went up the most significantly in ‘coke, refined petroleum products’. Higher were prices in ‘chemicals and chemical products’ (+8.5%), ‘mining and quarrying’ (+5.8%) and ‘basic metals, fabricated metal products’ (+4.8%). On the increase were also prices in ‘food products, beverages, tobacco’ (+0.6%), thereof ‘dairy products’ (+3.4%). Prices went down in ‘basic pharmaceutical products’ (-1.3%), ‘electricity, gas, steam and air conditioning’ (-1.2%) and ‘transport equipment’ (-0.9%).

Among the main industrial groupings, prices of ‘energy’ increased the most (+8.3%) and decreased only prices of ‘durable consumer goods’ (-0.4%), y-o-y.

According to an estimate, construction work prices rose by 1.2% (like in January) and construction material input prices grew by 1.6% (+0.6% in January).

Prices of market services in the business sphere grew by 0.6% (+0.4% in January). Increasing were prices in ‘postal and courier services’ (+8.4%), ‘insurance, reinsurance and pension funding services, except compulsory social security’ (+4.8%) and ‘advertising and market research services’ (+1.4%). Decreasing were prices in ‘architectural and engineering services’ (-1.2%) and ‘legal and accounting services’ (-0.2%). Market services prices excluding advertising services increased by 0.7% (+0.3% in January). 

Industrial producer prices in the EU – January 2017*

According to the Eurostat News Releases, industrial producer prices increased in January by 0.8% (+0.9% in December 2016) in EU28, month-on-month. Prices rose in all Member States, the most in Malta (+2.3%). Prices went up in Slovakia (+1.5%), the Czech Republic, Germany and Poland (+0.7% all) and Austria (+0.5%).

Industrial producer prices were higher in January by 4.3% (+2.4% in December 2016) in EU28, year-on-year. The largest increase in prices was recorded in Belgium (+13.3%). Prices rose in Poland (+6.0%), Germany (+2.3%), the Czech Republic (+2.1%), Austria (+2.0%) and Slovakia (+1.0%). Prices decreased the most in Luxembourg (-3.1%).

* Preliminary data

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