Producer price indices - July 2011

In July 2011, compared with the previous month, prices of agricultural producers and market services fell by 2.3% and 0.8%, respectively. Prices of industrial producers and construction work decreased both by 0.1%.
In comparison to July 2010, agricultural and industrial producer prices were higher by 23.6% and 5.4%, respectively. Prices of market services were 1.0% up. Construction work prices decreased by 0.6%.
Monthly changes

Agricultural producer prices decreased by 2.3% in total. Prices of crop production were 4.0% down, lower were also prices of cereals (-3.7%), potatoes (-5.7%), oil plants (-6.2%) and fruit* (-11.8%). Prices of vegetables* increased by 12,6%. Prices of animal products increased by 0.3%. Higher were prices of pigs for slaughter (+0.8%), poultry (+1.0%) and eggs (+1.5%). After 22 months of growth for the first time milk prices have fallen, by 0.1%, also cattle for slaughter prices fell by 0.4%.

Prices of industrial producers decreased by 0.1%. Price level went down due to the lower prices in ‘chemicals and chemical products’ (-2.4%), ‘mining and quarrying’ (-1.9%) and ‘coke, refined petroleum products’ (-0.3%). Prices went up in ‘food products, beverages, tobacco’ (+0.1%). The highest increase was recorded in ‘electrical equipments’ (+0.6%).

According to an estimate, construction work prices decreased by 0.1%; construction material input prices grew by 0.3%.

Market services prices in the business sphere decreased by 0.8%, affected by a 7.2% price drop in advertising and market research services. Also prices of real estate services decreased by 0.2%, prices of freight transport were higher by 0.4%. Market services prices in total excluding advertising services stayed unchanged.


Annual changes

Agricultural producer prices were 23.6% up (+27.1% in June). Prices of crop products grew by 40.7%, due to higher prices of cereals (+73.0%) and oil plants (+44.9%). The prices of potatoes and fruit were higher (+31.3% and 13.6%, respectively). The prices of vegetables decreased (-31.3%). Prices of animal products grew (+6.3%). Also prices of milk grew (+12.3%), poultry (+11.9%) and cattle for slaughter prices (+4.1%). On the decrease were prices of prices of eggs (-20.8%) and pigs for slaughter (-1.8%). The considerable y-o-y growth was influenced particularly by lower comparative basis from the year of 2010.

Industrial producer prices gained 5.4% (+5.5% in June). The growth of the total index was the most significantly influenced by the higher prices in ‘food products, beverages, tobacco’ (+9.3%), ‘coke, refined petroleum products’ (+18.5%) and ‘basic metals, fabricated metal products’ (+6.8%). Prices fell only in ‘transport equipment’ (-2.7%) and ‘computer, electronic and optical products’ (-3.0%), y-o-y.
Among the main industrial groupings, prices of ‘energy’ increased the most (+8.2%), the decrease was recorded only in ‘capital goods’ (-0.1%), y-o-y.

According to an estimate, construction work prices were 0.6% down (same as in June). Construction material input prices were 2.7% up (+2.6% in June).

Market services prices in the business sphere were 1.0% up (same as in June). Increasing were especially prices in advertising and market research services (+6.4%). On the increase were prices of financial services, except insurance and pension funding (+3.9%), postal and courier services (+3.0%), freight transport services (+2.1%). Lower prices were recorded in rental and leasing services (-6.1%), insurance services (-2.4%) and telecommunication services (-0.3%). Market services prices excluding advertising services increased by 0.4% in total (+0.2% in June).


Industrial producer prices in the EU – June 2011**

According to the Eurostat News Release, industrial producer prices in the EU27 remained stable in June (-0.3% in May), month-on-month. Among the Member States for which data are available, the highest increases were observed in Latvia (+1.3%), Cyprus and Romania (+0.6% both) and Slovenia (+0.4%). The largest decreases were recorded in Ireland (-1.2%), Denmark, Hungary and the Netherlands (-0.7% each). Prices decreased in the Czech Republic (-0.2%), remained stable in Slovakia and rose in Germany and Poland (+0.1% both). For Austria, data are not available for June.

EU27 producer prices rose by 6.9% in June (+7.1% in May), year-on-year. The largest increases were observed in the United Kingdom (+12.7%), Denmark (+10.6%) and Bulgaria (+10.1%). Prices rose in Poland (+6.9%), Germany (+5.6%), the Czech Republic (+5.5%) and Slovakia (+2.5%). For Austria, data are not available for June. There is none y-o-y price decrease in EU27 countries.

* M-o-m price index development reflects, among others, even changes in weighting structure of fruit and vegetables
** 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:
700144-11 Price Indices of Constructions Works, Price Indices of Constructions and Indices of Construction Costs
7003-11 Producer Price Indices – Basic Information
700444-11 Industrial Producer Price Indices
700544-11 Agricultural Producer Price Indices
700844-11 Market Services Price Indices in the Business Sphere
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Next News Release: 15 September 2011

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