Producer price indices - June 2022
Prices of agricultural and industrial producers continued in significant y-o-y growth
Publication Date: 20. 07. 2022
Product Code: 011047-22
Agricultural producer prices rose by 4.4% month-on-month (m-o-m) and grew by 42.5% year-on-year (y-o-y). Industrial producer prices were higher m-o-m (+1.4%) and y-o-y (+28.5%). Construction work prices went up m-o-m (+1.0%) and y-o-y (+12.8%). Service producer prices in the business sphere remained stable m-o-m and went up y-o-y (+6.2%).
“The year-on-year growth of prices for all producers continued in June. Prices of agriculture producers increased by more than 42%, year-on-year, and prices in industry by 28.5%. Construction work prices, according to an estimate, grew by 12.8%, year-on-year, and service producer prices in the business sphere were higher by more than 6%,” noted Vladimir Klimes, head of Industrial and International Trade Prices Statistics Unit of CZSO.
According to the Eurostat News Releases, industrial producer prices increased in May by 0.8% (in April they rose by 1.3%) in EU27, m-o-m. The highest increases were recorded in Finland (+5.5%) and Estonia (+5.4%). Prices went up in Czechia (+1.9%), Germany (+1.7%), Poland (+1.3%) and Austria (+0.1%) and went down in Slovakia (-4.4%). Prices decreased the most in Ireland (-19.4%).
Industrial producer prices rose in May by 36.4% (in April they grew by 37.0%) in EU27, y-o-y.
Prices increased in all Member States, the most in Denmark (+59.8%) and Romania (+59.2%). Prices were higher in Slovakia (+41.5%), Germany (+33.5%), Poland (+32.2%), Czechia (+27.9%) and Austria (+27.4%).
_______________
Notes:
Responsible head at the CZSO: Jiří Mrázek, Director of Prices Statistics Department, phone (+420) 274 052 533, e-mail: jiri.mrazek@csu.gov.cz
Contact person: Jiří Šulc, Head of Agricultural, Construction, and Services Prices Statistics Unit, phone (+420) 274 052 148, e-mail: jiri.sulc@csu.gov.cz
Miloslav Beránek, Industrial and International Trade Prices Statistics Unit, phone (+420) 274 052 665, e-mail: miloslav.beranek@csu.gov.cz
Method of data acquisition: CZSO direct surveys
End of data collection / End of data processing:
Agricultural producer price indices: 26th calendar day of reference month / 8th calendar day of the following month
Industrial producer price indices: 20th calendar day of reference month / 9th calendar day of the following month
Service producer prices in the business sphere: 20th calendar day of reference month / 9th calendar day of the following month
Except for the construction work price indices, the published figures are final data. Estimates of the construction work price indices are carried out on the 9th calendar day of the following month. Then, construction work price indices are made more precise using results of the finished quarterly survey and the finalised data are released on the 46th calendar day of the following quarter.
011041 – 22 Price Indices of Constructions Works, Price Indices of Constructions, and Indices of Construction Costs
011044 – 22 Industrial Producer Price Indices
011045 – 22 Agricultural Producer Price Indices
011046 – 22 Service Producer Prices in the Business Sphere
Following outcomes: https://csu.gov.cz/producer-prices-publications
Next News Release will be published on: 16 August 2022