Producer price indices - July 2014

In July 2014 compared with the previous month, prices of agricultural producer decreased by 2.5% and prices of market services went down by 0.6%. Industrial producer prices went up by 0.3%. Construction work prices stayed unchanged. In comparison to July 2013, prices of agricultural producers and industrial producer prices were lower by 3.2% and 0.1%, respectively. Higher were construction work prices by 0.5% and prices of market services by 1.4%.

Month-on-month comparison:

Agricultural producer prices decreased by 2.5%. Prices of potatoes (-17.6%), oil plants (-11.8%), fresh vegetables (-9.3%), fruit (-7.7%), cereals (-4.9%), eggs (-1.5%) and milk (-1.4%) were lower. Prices of pigs for slaughter (+4.7%) increased.

Prices of industrial producers increased by 0.3%. Higher prices in ‘chemicals and chemical products’ (+1.9%) and ‘coke, refined petroleum products’ (+1.0%) had the largest influence. Prices rose in ‘food products, beverages, tobacco’ (+0.4%), thereof ‘preserved meat and meat products’ (+1.3%) and ‘beverages’ (+0.7%), on the other hand prices went down in ‘vegetable and animal oils and fats’ (-4.5%). Prices decreased in ‘rubber and plastic products, other non-metallic mineral products’ and ‘machinery and equipment n.e.c.’ (-0.2% both).

According to an estimate, construction work prices stayed unchanged and construction material input prices grew by 0.2%.

Market services prices in the business sphere went down by 0.6% due to the price decreasing of ‘advertising and market research services’ (-11.3%). On the increase were prices of ‘architectural and engineering services’ (+0.8%). Market services prices excluding advertising services grew by 0.1%.

Year-on-year comparison:

Agricultural producer prices went down by 3.2% (-2.8% in June). Prices of crop products fell by 12.4%. Lower were prices of potatoes by 22.8%, fruit (-20.1%), cereals (-14.6%), fresh vegetables (-12.6%) and oil plants (-6.5%). Prices of animal products went up by 8.1% due to increasing prices of milk (+15.0%). Prices of pigs for slaughter (+6.8%) and eggs (+5.6%) were higher. On the decrease were prices of poultry (-2.2%).

Industrial producer prices decreased by 0.1% (-0.2% in June). Prices fell the most significantly in ‘electricity, gas, steam and air conditioning’ (-8.7%) and ‘mining and quarrying’ (-3.0%). Prices went down in ‘food products, beverages, tobacco’ (-0.1%), thereof in ‘vegetable and animal oils and fats’ (-18.9%), ‘grain mill products, starches and starch products’ (-10.6%) and ‘prepared animal feeds’ (-7.9%). On the other hand, prices increased in ‘dairy products’ (+5.7%) and ‘preserved meat and meat products’ (+3.7%). Prices rose in ‘transport equipment’ (+3.7%), thereof ‘parts and accessories for motor vehicles’ (+4.7%). Prices were higher in ‘basic metals, fabricated metal products’ (+2.2%), ‘wood, wood products, paper, printing’ (+4.3%) and ‘chemicals and chemical products’ (+4.4%).
Among the main industrial groupings prices of ‘energy’ (-4.8%) only decreased, y-o-y.

According to an estimate, construction work prices increased by 0.5% (like in June after specification) and construction material input prices grew by 1.4% (+1.0% in June).

Prices of market services in the business sphere grew by 1.4% (+1.0% in June). Increasing were prices in ‘postal and courier services’ (+8.2%), prices of ‘financial services, except insurance and pension funding’ (+3.0%), prices of ‘land transport services and transport services via pipelines’ (+2.8%) and prices of ‘insurance services’ (+2.5%). On the decrease were prices of ‘advertising and market research services’ (-2.1%). Market services prices excluding advertising services increased by 1.5% (+1.3% in June).

Industrial producer prices in the EU – June 2014*

According to the Eurostat News Releases, industrial producer prices increased in June by 0.1% (-0.1% in May) in EU28, month-on-month. Among the Member States for which data are available, the largest increases were observed in Spain (+0.9%), Latvia (+0.6%), Greece and Hungary (+0.4% both). Prices were higher in Austria and Slovakia (+0.1% both), and remained stable in the Czech Republic, Poland and Germany. Prices fell the most in Lithuania (-0.9%), Estonia (-0.8%) and Denmark (-0.4%).

Industrial producer prices went down in June by 0.8% (like in May) in EU28, year-on-year, with the largest decreases observed in Estonia (-6.6%), Lithuania (-4.7%) and Belgium (-4.5%). Prices fell in Slovakia (-3.4%), Poland (-1.1%), Austria (-0.8%), Germany (-0.7%) and in the Czech Republic (-0.2%). Prices rose the most in Greece (+1.6%), Sweden (+0.7%) and Romania (+0.6%).

* Preliminary data.


Notes:
Responsible manager of the CZSO: Jiri Mra zek, Department Director, phone (+420) 274 052 533, jiri.mrazek@csu.gov.cz
Contact: Jiri Sulc, phone (+420) 274 052 148, e-mail: jiri.sulc@csu.gov.cz
Miloslav Beranek, phone (+420) 274 052 665, e-mail: miloslav.beranek@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: 011041-14 Price Indices of Constructions Works, Price Indices of Constructions and Indices of Construction Costs
011039-14 Producer Price Indices – Basic Information
011044-14 Industrial Producer Price Indices
011045-14 Agricultural Producer Price Indices
011046-14 Market Services Price Indices in the Business Sphere
Internet: /catalogue-of-products
http://www.czso.cz/eng/edicniplan.nsf/aktual/ep-7?opendocument#70
Next News Release: 16 September 2014

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