Producer price indices - January 2012

In January 2012, compared with the previous month, agricultural and industrial producer prices grew by 0.7% and 1.0%, respectively. Construction work prices increased by 0.1%. Market services prices fell by 0.4%.
In comparison to January 2011, agricultural and industrial producer prices were higher by 0.7% and 4.1%, respectively. Market services prices increased by 2.1%. Construction work prices decreased by 0.4%.

Month-on-month comparison:

For the first time after seven months, agricultural producer prices in total increased (+0.7%). Prices of crop products rose by 0.3%. Higher were prices of cereals (+0.3%), oil plants (+2.1%) and potatoes (+8.0%). The prices of fruit stayed unchanged. Lower were prices of vegetables (-4.9%). Prices of animal products increased by 1.1%, higher were prices of eggs (+4.3%), pigs for slaughter (+2.6%) and poultry (+1.5%).

Prices of industrial producers went up by 1.0%. Prices in ‘water supply, sewerage, waste management and remediation services’ recorded the highest rate of growth (+7.8%). But the total rate of growth was influenced particularly by the higher prices in ‘electricity, gas, steam and air conditioning’ (+1.4%), ‘coke, refined petroleum products’ (+3.0%), ‘chemicals and chemical products’ (+3.8%) and ‘food products, beverages, tobacco’ (+1.0%). Prices went down in ‘wood, wood products, paper, printing’ (-0.5%), ‘transport equipment’ (-0.3%) and ‘basic metals, fabricated metal products’ (-0.1%).

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

Market services prices in the business sphere fell by 0.4%, affected by price decrease in advertising and market research services (-3.3%). In contrast, financial intermediation, except insurance and pension funding and legal and accounting services grew (+0.7% and +0.4%, respectively). Market services prices in total excluding advertising services rose by 0.1%.

Year-on-year comparison:

Agricultural producer prices were higher by 0.7% (+3.6% in December). Prices of crop products fell by 6.5%. Lower prices were registered for prices of vegetables (-55.9%), potatoes (-50.1%) and fruit (-5.4%). On the decrease were also prices of cereals (-2.5%), which again fell for the first time after seventeen months. On the other hand, prices of oil plants (+1.6%) grew. Animal products prices increased (+10.1%), due to higher price of milk (+4.4%), cattle for slaughter (+6.8%), poultry (+10.3%), pigs for slaughter (+19.8%) and eggs (+33.2%).

Industrial producer prices gained 4.1% (+4.6% in December). The higher prices in ‘coke, refined petroleum products’ (+15.6%), ‘food products, beverages, tobacco’ (+6.4%) and ‘basic metals, fabricated metal products’ (+4.7%) caused significantly on the price level. Prices dropped only in ‘electrical equipment’ (-1.6%) y-o-y.
Among the main industrial groupings, prices of ‘non-durable consumer goods’ increased the most (+5.8), y-o-y.

According to an estimate, construction work prices were down by 0.4% (-0.5% in December). Construction material input prices were up by 1.8% (+2.0% in December).

Market services prices in the business sphere increased by 2.1% (+1.5% in December). Increasing were especially prices in advertising and market research services (+19.0%). On the increase were also prices of freight transport services (+2.1%), financial intermediation, except insurance and pension funding (+1.1%) and insurance services (+0.7%). Lower prices were recorded in rental and leasing services (-5.7%) and telecommunication services (-0.5%). Market services prices excluding advertising services increased by 0.3% in total (+0.2% in December).

Industrial producer prices in the EU – December 2011*

According to the Eurostat News Releases, industrial producer prices in the EU27 decreased by 0.2% in December (+0.4% in November), month-on-month. Among the Member States for which data are available, the largest decreases were recorded in Denmark (-1.2%), Sweden (-0.8%), the Netherlands and Finland (-0.5% both). Prices went down in Germany and Slovakia (-0.4% both). The higher growth of price was recorded in Romania (+0.5%) and Ireland (+0.3%). Prices went up in Poland (+0.2%) and in the Czech Republic (+0.1%).

EU27 producer prices rose by 4.9% in December (+6.4% in November), year-on-year. The largest increases were observed in Lithuania (+9.5%), Latvia (+8.9%) and the United Kingdom (+8.2%). Prices rose in Poland (+7.1%), the Czech Republic (+4.6%), Germany (+4.0%) and Slovakia (+2.5%). The only decrease was recorded in Sweden (-3.1%).

* Preliminary data

Information: Revision of industrial producer price indices

The industrial producer price indices are calculated with new weights 2010 from January 2012 on the base of a standard revision of the calculations of the price indices.
The basilar indices with the base December 2005 = 100 are replaced by the new price base December 2010 = 100.
Indices calculated that way are chained from the 4-git level of CZ-CPA to the existing price indices with the base 2005 average = 100 and December 2005 = 100 and thus continuation of the present time series is ensured. More information on the CZSO’s web pages.


Notes ¹
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 - 11 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/eng/edicniplan.nsf/aktual/ep-7?opendocument#70
/catalogue-of-products
Next News Release: 15 March 2012

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