Producer price indices - June 2016

 
Month-on-month comparison:
Agricultural producer prices increased by 1.0%. Prices of pigs for slaughter (+7.7%), fresh vegetables (+7.4%), poultry (+2.8%) and cereals (+1.4%) went up. Prices of eggs (-5.1%) and milk (-4.8%) went down.

Prices of industrial producers went up by 0.3%. Prices increased particularly in ‘coke, refined petroleum products’. Prices were higher in ‘basic metals, fabricated metal products’ (+0.9%). Prices fell in ‘food products, beverages, tobacco’ (-0.4%), thereof ‘dairy products’ (-2.7%).

According to an estimate, construction work prices were higher by 0.2% and construction material input prices grew by 0.3%.

Market services prices in the business sphere fell by 0.3% due to the price decreasing of ‘advertising and market research services’ (-3.0%) and ‘employment services’ (-3.7%). Market services prices excluding advertising services were lower by 0.1%.

Year-on-year comparison:
Agricultural producer prices went down by 6.4% (-7.1% in May). Prices of crop products decreased by 2.6%. Lower were prices of cereals (-9.3%) and oil plants (-0.7%). Higher were prices of potatoes (+24.7%), fresh vegetables (+8.0%) and fresh fruit (+4.9%). Prices of animal products fell by 10.7% due to decreasing prices of milk (-19.8%), eggs (-9.7%), pigs for slaughter (-4.8%), cattle for slaughter (-2.6%) and poultry (-1.4%).

Prices of industrial producers went down by 4.4% (-4.8% in May). Prices fell particularly in ‘coke, refined petroleum products’. On the decrease were prices in ‘chemicals and chemical products’ (-12.1%), ‘mining and quarrying’ (-7.3%) and ‘basic metals, fabricated metal products’ (-4.3%). Prices went down in ‘electricity, gas, steam and air conditioning’ (-4.1%). Prices were lower in ‘food products, beverages, tobacco’ (-3.2%), thereof ‘dairy products’ (-10.4%). Prices rose in ‘water supply, sewerage, waste management and remediation services’ (+1.6%) and ‘furniture, other manufactured products’ (+0.7%), thereof ‘installation services of industrial machinery and equipment (+1.5%).

Among the main industrial groupings, prices of ‘energy’ (-9.0%) decreased the most, y-o-y.

According to an estimate, construction work prices rose by 1.1% (+1.0% in May) and construction material input prices fell by 1.8% (-1.9% in May).

Prices of market services in the business sphere grew by 0.3% (+0.2% in May). Increasing were prices in ‘postal and courier services’ (+5.6%), ‘advertising and market research services’ (+3.1%) and ‘architectural and engineering services’ (+1.6%). On the decrease were prices of ‘land transport services and transport services via pipelines’ (-1.1%) and ‘insurance, reinsurance and pension funding services, except compulsory social security’ (-4.4%). Market services prices excluding advertising services stayed unchanged (+0.1% in May). 

Industrial producer prices in the EU – May 2016*
according to the Eurostat News Releases, industrial producer prices increased in May by 0.6% (-0.1% in April) in EU28, month-on-month. Among the Member States for which data are available, the highest increases were recorded in Belgium (+2.7%), the Netherlands (+2.0%), Hungary (+1.6%) and Greece (+1.3%). Prices went up in Poland (+1.1%), the Czech Republic (+0.4%), Germany and Slovakia (+0.3% both) and Austria (+0.2%). Prices fell only in Latvia (-0.4%), Sweden (-0.2%) and Bulgaria (-0.1%).

Industrial producer prices went down in May by 3.7% (-4.2% in April) in EU28, year-on-year. Prices decreased in all Member States except Malta (+0.9%). The largest decreases were observed in the Netherlands (-8.2%), Greece (-8.1%) and Croatia (-6.3%). Prices were also lower in Slovakia (-5.9%), the Czech Republic (-4.8%), Austria (-3.5%), Germany (-2.7%) and Poland (-0.9%).

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* Preliminary data