Producer price indices - June 2007

In June 2007, compared to the previous month, prices of agricultural producers, industrial producers and construction work grew by 1.7%, 0.7% and 0.5%, respectively. Prices of market services fell by 0.4%.
In comparison to June 2006, prices of agricultural producers, industrial producers, construction work and market services were higher by 9.1%, 4.6%, 3.6% and 1.5%, respectively.

Month-on-month comparison:

Agricultural producer prices grew by 1.7%. Prices of crop products increased by 2.3% due to higher prices of potatoes (+19.7%), vegetables (+7.6%) and fruit (+6.9%). Prices of animal products increased by 1.2%; higher were prices of pigs for slaughter (+5.6%) and poultry (+1.0%).

Prices of industrial producers increased by 0.7% in June (+0.6% in May). Prices in ‘coke, refined petroleum products’ rose the most significantly (+4.1%), ‘other non-metallic mineral products’ increased by 1.2% (of these the most ‘bricks, tiles and construction products, in baked clay’ by 10.5%) and ‘basic metals, fabricated metal products’ (+0.9%). Prices in ‘food products, beverages and tobacco’ were higher by 0.4%. Prices went down in ‘wood and products of wood’ (-0.3%) and in ‘textiles and textile products’ (-0.1%).

Construction work and construction material input prices grew by 0.5% and 1.0%, respectively.

Prices of market services in the business sphere fell by 0.4% due to a 0.6% price decrease in ‘real estate, renting and business activities’ and a 0.4% decrease in ‘postal services and telecommunications’.


Year-on-year comparison:

Agricultural producer prices were higher by 9.1% (+12.1% in May). The prices of crop products grew by 19.4% due to higher prices of cereals (+36.1%) and also fruit (+6.8%). The prices of animal products fell by 1.4%; lower were prices of pigs for slaughter (-7.6%), cattle for slaughter (-2.8%) and milk (-1.0%) Prices of poultry and eggs grew by 8.3% and 6.5%, respectively.

Prices of industrial producers rose by 4.6% in June (+4.1% in May). This is again the highest y-o-y increase since April 2005. Prices rose significantly in ‘basic metals, fabricated metal products’ (+8.7%), ‘electrical energy, gas, steam and water’ (+7.2%) and ‘food products, beverages and tobacco’ (+3.4%). In addition, the growth of prices was distinguished in ‘other non-metallic mineral products’ (+6.7%, of these in particular ‘bricks, tiles and construction products, in baked clay’ by 27.8%). Prices in ‘coke, refined petroleum products’ increased by 3.7%, which is a considerable change compared to the last month (+0.5% in May). There were no y-o-y price decreases in any of the branches.
Among the main industrial groupings, prices of ‘intermediate goods’ (+5.9%) and ‘energy’ (+6.9%) increased the most y-o-y.

Construction work prices were up by 3.6% (+3.5% in May). Construction material input prices due to an extraordinary demand increased by 7.4% (+6.3% in May). It is the highest y-o-y growth since March 2005.

Prices of market services in the business sphere were higher by 1.5% in total (+2.0% in May). The prices of ‘real estate, renting and business services’ and prices of ‘freight transport, cargo handling and storage services’ grew by 2.3% and 2.8%, respectively.


Industrial producer prices in the EU – May 2007 *

On average for the EU member states (EU 27), according to the data released by Eurostat, industrial producer prices increased by 0.2% in May month-on-month. Among member states for which data are available, prices increased the most in Lithuania (+2.0%) and in Luxembourg (+1.2%). Prices in Germany went up by 0.3%. Decreases were recorded in Sweden (-0.4%), in the United Kingdom (-0.3%) and in Slovakia (-0.1%). No price changes were recorded in France.

Year-on-year, prices in the EU 27 were higher by 2.1% in May. Prices increased the most in Lithuania (+9.8%), in Luxembourg (+9.0%) and in Hungary (+7.8%). Prices in Germany rose by 1.9% and in Slovakia by 1.3%. Prices decreased in Denmark (-0.7%) and in the United Kingdom (-0.2%).

* Preliminary data

Analysis - Producer price indices in Q2 2007

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Note
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 survey
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
Price indices of market services: 15th calendar day of reference month / 7th calendar day of the following month
Except the construction work price indices, the data published are final. The construction work price indices are refined using the finished quarterly survey and final data are released on the 45th calendar day of the following quarter.
Related publications: 7001-07 Price Indices of Construction Work, Types of Constructions and Costs of Construction Output
7003-07 Producer Price Indices – Basic Information
7004-07 Industrial Producer Price Indices
7005-07 Agricultural Producer Price Indices
7008-07 Price Indices of Market Services in the Business Sphere
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