Producer price indices - January 2025

“In year-on-year comparison, prices of all producers continued to grow. Prices in agriculture accelerated to 9.1% while prices in industry decelerated to 0.5%. Construction work prices were higher by 2.4% year-on-year and service producer prices in the business sphere by 3.2%,” noted Vladimir Klimes, head of Industrial and International Trade Prices Statistics Unit of CZSO.

Agricultural producer prices increased by 1.5% m-o-m. Rising were prices of potatoes (+6.2%) and poultry (+1.6%). Growth was recorded also in the prices of vegetables and cattle for slaughter (both +2.8%) and oilseeds and cereals (both +2.6%). Prices of pigs for slaughter fell (-1.3%). Y‑o‑y, agricultural producer prices grew by 9.1% (+8.1% in December). In crop production, prices went up by 6.9%. Higher were prices of fruit (+29.8%), oilseeds (+21.7%) and cereals (+6.5%), while prices of potatoes (-18.6%) and vegetables (-4.1%) decreased. In animal production, prices went up by 12.0%. Prices increased for eggs (+24.3%), cattle for slaughter (+17.6%), milk (+17.5%) and poultry (+1.3%). Decrease occurred in prices of pigs for slaughter (‑6.4%).

Prices of industrial producers increased by 0.2% m-o-m. Prices rose especially in ‘coke, refined petroleum products’. Prices went up in ‘repair and installation services of machinery and equipment’ (+2.1%) and ‘natural water; water treatment and supply services’ (+4.1%). On the increase were also prices in ‘food products’ (+0.7%), especially in ‘dairy products’ (+1.8%) and ‘preserved meat and meat products’ (+0.7%), lower were prices in ‘bakery and farinaceous products’ (-0.3%). Prices decreased in ‘electricity, gas, steam and air conditioning’ (-1.7%), ‘coal and lignite’ (-5.8%). Prices of industrial producers rose by 0.5% y-o-y (+2.8% in December). Prices went up in ‘motor vehicles, trailers and semi trailers’ (+2.6%) and ‘repair and installation services of machinery and equipment’ (+4.7%). Prices rose in ‘food products’ (+2.1%), particularly in ‘dairy products’ (+12.3%) and ‘preserved meat and meat products’ (+2.3%), lower were prices in ‘other food products’ (-2.6%) and ‘grain mill products, starches and starch products’ (-7.1%). Prices went down in ‘electricity, gas, steam and air conditioning’ (-2.0%), ‘fabricated metal products, except machinery and equipment’ (-1.7%) and ‘coal and lignite’ (-4.2%). Decreases were observed also in ‘coke, refined petroleum products’.
Among the main industrial groupings, prices of ‘capital goods’ (+2.9%) and ‘non-durable consumer goods’ (+2.2%) went up y-o-y, prices of ‘energy’ (-1.9%) went down. Prices of industrial producers excluding energy were higher by 1.5% (like in December +1.5%).

Construction work prices, as estimated, increased by 0.2% and prices of materials and products used in construction were higher by 0.7% m-o-m. According to the estimate, construction work prices rose by 2.4% y‑o‑y (+2.3% in December after updating). Prices of materials and products used in the construction were higher by 0.8% y-o-y (+0.7% in December).

Service producer prices in the business sphere decreased by 0.6% m-o-m. Prices went down for ‘motion picture, video and television programme production services, sound recording and music publishing’ (-3.8%), ‘programming and broadcasting services’ and ‘advertising and market research services’ (both -22.3%). Rising were prices of ‘warehousing and support services for transportation’ (+4.9%) and ‘computer programming, consultancy and related services’ (+2.0%). Service producer prices in the business sphere, excluding advertising services rose by 1.2%. Service producer prices in the business sphere grew by 3.2% y-o‑y (+3.8% in December). Prices rose for ‘employment services’ (+9.3%), ‘programming and broadcasting services’ (+8.0%), ‘real estate services’ (+6.0%), ‘warehousing and support services for transportation’ (+5.3%) and ‘advertising and market research services’ (+3.8%). Prices of ‘motion picture, video and television programme production services, sound recording and music publishing’ (-8.6%) and ‘land transport services’ (-0.2%) were lower. Service producer prices in the business sphere, excluding advertising services, increased by 3.2% (as in December).

Industrial producer prices in the EU – December 2024 (preliminary data) 

According to the Eurostat News Releases, industrial producer prices increased in December by 0.4% in EU27 (in November they rose by 1.7%), m-o-m. The highest increases were recorded in Bulgaria (+5.1%) and Croatia (+2.4%). Prices were higher in Slovakia (+1.5%), Czechia (+0.6%) and Austria (+0.3%) and lower in Germany (-0.1%) and Poland (-0.3%). The largest decreases were observed in Ireland (-1.5%), Romania (-1.3%) and the Netherlands (-0.4%). Industrial producer prices rose in December by 0.1% (in November they went down by 1.0%) in EU27, y‑o-y. The highest increases were recorded in Ireland (+11.1%), Bulgaria (+6.6%) and Denmark (+4.7%). Prices were higher in Czechia (+2.8%) and Germany (+0.8%) and lower in Austria and Poland (-3.4% both). The largest decreases were observed in Slovakia (-17.0%), Luxembourg (‑4.2%) and France (-3.8%).