Producer price indices - January 2011

In January 2011, compared with the previous month, agricultural and industrial producer prices grew by 3.6% and 1.4%, respectively. Construction work prices increased by 0.1%. Market services prices decreased by 1.0%.
In comparison to January 2010, agricultural and industrial producer prices were higher by 23.0% and 4.6%, respectively. Prices of market services were 0.1% up. Construction work prices decreased by 0.4%.
Monthly changes

Agricultural producer prices increased by 3.6% in total. Prices of crop products grew by 6.0%. Higher were prices of cereals (+4.1%), plant oils (+13.5%), potatoes (+3.2%), fruit (+4.7%) and vegetables (+21.6%). Prices of animal products increased by 0.5%, higher were prices of milk (+1.8%) and cattle for slaughter (+1.1%). In contrast, prices of pigs for slaughter, poultry and eggs decreased by 0.1%, 0.4% and 4.8%, respectively.

Prices of industrial producers increased by 1.4%. This is the most since January 2008. M-o-m growth was influenced the most by the price increase in ‘electricity, gas, steam and air conditioning’ (+4.0%), primarily in ‘electricity, transmission and distribution services’ by 5.0%. Rising prices in ‘food products, beverages, tobacco’ (+1.8%) and in ‘coke, refined petroleum products’ (+3.3%) had the marked influence too. Prices went up in ‘water supply, sewerage, waste management and remediation services’ (+6.1%). Prices went down significantly in ‘transport equipment’ (-1.8%).

According to an estimate, construction work and construction material input prices increased by 0.1% and 0.3%, respectively.

Market services prices in the business sphere fell by 1.0%, affected by price decrease in advertising and market research services (-9.7%) and computer programming, consultancy and related services (-0.5%). Market services prices in total excluding advertising services stayed unchanged.

Annual changes

Agricultural producer prices were 23.0% up (+23.6% in December). Prices of crop products grew by 38.2%. Considerable increases were registered for prices of cereals (+58.3%), plant oils (+53.6%), potatoes (+65.7%), fruit (+32.5%) and vegetables (+60.9%). Prices of animal products grew (+7.5%), due to higher price of milk (+20.7%). On the increase were prices of poultry (+2.8%) and cattle for slaughter (+2.7%). On the decrease were prices of pigs for slaughter (-2.6%) and eggs (-22.3%). The considerable y-o-y growth was influenced particularly by lower comparative basis from the year of 2010.

Industrial producer prices rose by 4.6%. This is the highest y-o-y increase for the last 28 months. The total price level was influenced particularly by the rising prices in ‘coke, refined petroleum products’ (+26.5%), ‘basic metals, fabricated metal products’ (+10.1%) and in ‘electricity, gas, steam and air conditioning’ (+3.9%). Prices rose in ‘water supply, sewerage, waste management and remediation services’ (+6.0%) and in ‘food products, beverages, tobacco’ (+3.3%). The more considerable decrease was recorded for ‘transport equipment¨(-3.8%).
Among the main industrial groupings, prices of ‘energy’ increased the most (+10.1%); the largest decrease was recorded for ‘capital goods’ (-1.4%).

According to an estimate, construction work prices were down by 0.4% (the same as in December). Construction material input prices were 2.6% up (+2.7% in December).

Market services prices in the business sphere were up by 0.1% (-1.0% in December). Increasing were prices in advertising and market research services (+2.4%), freight transport (+1.8%), financial services, except insurance and pension funding (+2.5%) and postal and courier services (+3.4%). Lower prices were recorded in insurance services (-3.8%), computer programming, consultancy and related services (-2.2%), telecommunications services (-1.0%) and architectural and engineering services and technical consultancy services (-0.6%). Market services prices excluding advertising services decreased in total by 0.2% (the same as in December).

Industrial producer prices in the EU – December 2010*

According to the Eurostat News Release, industrial producer prices in the EU27 increased by 1.1% in December (+0.5% in November), month-on-month. Among the Member States for which data are available, the highest increases were recorded in Denmark (+2.9%), Sweden (+2.5%), Finland and the United Kingdom (+2.4% both). Prices rose in the Czech Republic (+1.0%), Poland (+0.9%), Germany (+0.7%) and in Slovakia (+0.4%). In Austria, data are not available for December (+0.3 in November). The only decrease was observed in Ireland (-0.3%), while prices remained stable in Estonia and Cyprus.

EU27 producer prices rose by 5.9% in December (+4.8% in November), year-on-year. The largest increases were observed in Malta (+15.6%), Bulgaria (+12.0%) and Hungary (+10.9%). Prices rose in Poland (+7.2%), Germany (+5.1%) and in the Czech Republic (+3.6%). The only decrease was recorded in Slovakia (-0.8%). In Austria, data are not available for December (+4.7% in November).

* Preliminary data

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Notes:
Responsible manager of the CZSO: Jiri Mrazek, Department Director
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. 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:
7001-11 Price Indices of Constructions Works, Price Indices of Constructions and Indices of Construction Costs
7003-11 Producer Price Indices – Basic Information
7004-11 Industrial Producer Price Indices
7005-11 Agricultural Producer Price Indices
7008-11 Market Services Price Indices in the Business Sphere

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Next News Release: 15 March 2011
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