Producer price indices - March 2015

 
Month-on-month comparison:
Agricultural producer prices fell by 0.4%. Prices of milk (-1.5%), poultry (-4.3%) and fruit
(-5.5%) decreased. Prices of fresh vegetables (+4.9%), potatoes (+4.1%) and eggs (+1.3%) went up.

Prices of industrial producers rose by 0.5% after six months of the decreasing. Prices increased the most rapidly in ‘coke, refined petroleum products’ (+9.6%) and ‘chemicals and chemical products’ (+2.9%). Prices went down in ‘transport equipment’ (-0.8%) and ‘basic metals, fabricated metal products’ (-0.5%). Prices remained stable in ‘food products, beverages, tobacco’.

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

Market services prices in the business sphere increased by 0.6%. On the increase were prices of ‘advertising and market research services’ (+8.9%), ‘warehousing and support services for transportation’ (+0.8%) and ‘publishing services’ (+0.6%). On the decrease were prices of ‘land transport services and transport services via pipelines’ (-0.6%). Market services prices excluding advertising services went down by 0.1%.

Year-on-year comparison:
Agricultural producer prices fell by 9.9% (-8.8% in February). Prices of crop products went down by 11.0%. Lower were prices of potatoes (-36.0%), fresh vegetables (-22.3%), fruit
(-18.4%), oil plants (-9.8%) and cereals (-7.8%). Prices of animal products went down by 9.0% due to decreasing prices of milk (-13.4%), pigs for slaughter (-11.7%) and poultry (-3.8%).
On the increase were prices of cattle for slaughter (+2.3%) and eggs (+4.7%).

Prices of industrial producers went down by 2.9% (-3.6% in February). Prices decreased in ‘coke, refined petroleum products’ by 23.0% (-31.2% in February) and ‘chemicals and chemical products’ (-14.7%). Prices were lower in ‘food products, beverages, tobacco’ (-3.0%), thereof ‘dairy products’ (-9.0%), ‘other food products’ (-6.0%) and ‘preserved meat and meat products’ (-2.7%). Prices rose in ‘water supply, sewerage, waste management and remediation services’ (+3.4%), ‘basic pharmaceutical products’ (+1.9%) and ‘furniture, other manufactured products’ (+1.7%).

Among the main industrial groupings, prices of ‘energy’ (-6.4%) decreased the most, y-o-y.

According to an estimate, construction work prices increased by 0.9% (+0.8 in February) and construction material input prices fell by 0.2% (-0.1% in February).

Prices of market services in the business sphere stayed unchanged (+0.1% in February). Increasing were prices in ‘postal and courier services’ (+6.9%), ‘financial services, except insurance and pension funding’ (+4.3%), ‘publishing services’ (+2.9%). On the decrease were prices of ‘information services’ (-1.5%), ‘architectural and engineering services’ (-1.4%) and ‘advertising and market research services’ (-1.1%). Market services prices excluding advertising services stayed unchanged (+0.2% in February).

Industrial producer prices in the EU – February 2015*

According to the Eurostat News Releases, industrial producer prices rose in February by 0.6% (-1.3% in January) in EU28, month-on-month. Among the Member States for which data are available, the highest increases were observed in Greece (+3.5%), the Netherlands (+2.3%) and Denmark (+1.7%). Prices rose in Austria (+0.5%), Poland (+0.3%) and Germany (+0.2%) and fell in the Czech Republic (-0.1%). Prices went down the most in Slovakia (-2.2%), Estonia (‑1.8%) and Ireland (-0.8%).

Industrial producer prices decreased in February by 3.4% (-4.1% in January) in EU28, year-on-year. The largest decreases were observed in Lithuania (-9.2%), the Netherlands (-8.3%) and the United Kingdom (-8.2%). Prices decreased in Slovakia (-4.5%), the Czech Republic (-3.6%), Poland (-3.1%), Germany (-1.9%) and Austria (-1.7%). Prices rose only in Luxembourg (+0.7%) and remained stable in Latvia.

* Preliminary data

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