Producer price indices - June 2015

and prices of market services were both lower by 0.2% and 0.4%, respectively. In comparison to June 2014, agricultural producer prices went down by 10.6%
and industrial producer prices fell by 2.3%. Construction work prices and prices of market services were both higher by 1.2% and 0.2%, respectively.

Month-on-month comparison:
Agricultural producer prices grew by 0.3%. Prices of fresh vegetables (+23.5%), poultry (+4.5%) and pigs for slaughter (+1.7%) increased. Prices of milk (-5.1%) and cereals (-0.8%) decreased.

Prices of industrial producers went down by 0.2%.Prices decreased particularly in ‘coke, refined petroleum products’. Prices were lower in ‘basic metals, fabricated metal products’ (-0.4%) and ‘chemicals and chemical products’ (-0.5%). Prices fell in ‘food products, beverages, tobacco’ (-0.1%). Prices went up in ‘rubber and plastic products, other non- metallic mineral products’ (+0.6%).

According to an estimate, construction work prices rose by 0.1% and construction material input prices grew by 0.2%.

Market services prices in the business sphere decreased by 0.4% due to the price decreasing of ‘advertising and market research services’ by 4.5%. Market services prices excluding advertising services stayed unchanged.

Year-on-year comparison:
Agricultural producer prices fell by 10.6% (-12.1% in May). Prices of crop products went down by 9.9%. Lower were prices of potatoes (-9.0%), oil plants (-12.1%) and cereals (-12.5%). Higher were prices of fresh vegetables (+5.8%) and fruit (+18.4%). Prices of animal products went down by 11.6% due to decreasing prices of milk (-19.2%) and pigs for slaughter (-14.1%). On the increase were prices of cattle for slaughter (+2.7%), poultry (+2.5%) and eggs (+1.6%).

Prices of industrial producers went down by 2.3% (-2.1% in May). Prices primarily decreased in ‘coke, refined petroleum products’. Prices went down in ‘chemicals and chemical products’ (-6.3%). Prices fell in ‘food products, beverages, tobacco’ (-2.5%), thereof ‘dairy products’ (-8.3%), ‘other food products’ (-4.7%) and ‘preserved meat and meat products’ (-3.5%). Prices rose in ‘water supply, sewerage, waste management and remediation services’ (+3.4%) and ‘furniture, other manufactured products’ (+1.6%).
Among the main industrial groupings, prices of ‘energy’ (-5.9%) decreased the most, y-o-y.

According to an estimate, construction work prices increased by 1.2% (+1.1% in May)
and construction material input prices grew by 0.3% (+0.4% in May).

Prices of market services in the business sphere went up by 0.2% (like in May). Increasing were prices in ‘postal and courier services’ (+6.9%), ‘financial services, except insurance
and pension funding’ (+4.3%) and ‘publishing services’ (+3.5%). On the decrease were prices of ‘information services’ (-1.3%) and ‘land transport services and transport services via pipelines’
(-2.0%). Market services prices excluding advertising services stayed unchanged (+0.1%
in May).

Industrial producer prices in the EU – May 2015*
According to the Eurostat News Releases, industrial producer prices increased in May by 0.1% (no change in April) in EU28, month-on-month. Among the Member States for which data are available, the highest increases were observed in Hungary (+1.6%) and Belgium (+0.8%). Prices rose in the Czech Republic and Slovakia (+0.4% both), Poland (+0.2%) and remained stable in Germany. The largest decreases were in Estonia (-0.9%), the Netherlands (-0.8%) and France (-0.6%). Prices fell in Austria (-0.2%).

Industrial producer prices decreased in May by 2.6% (-2.7% in April) in EU28, year-on-year. The largest decreases were observed in Lithuania (-7.9%), Denmark (-6.9%) and the United Kingdom (-6.6%). Prices fell in Slovakia (-3.5%), the Czech Republic and Poland (-2.1% both), Austria (-1.6%) and Germany (-1.3%). Prices rose only in Luxembourg (+0.6%) and Slovenia (+0.1%).

* Preliminary data