Producer price indices - March 2021
The highest y-o-y growth of industrial producer prices in 22 months
Publication Date: 20. 04. 2021
Product Code: 011047-21
Agricultural producer prices (+1.8%), industrial producer prices (+1.4%), construction work prices (+0.6%) and service producer prices in the business sphere (+0.8%) all went up, month-on-month. From the year-on-year perspective, agricultural producer prices (+0.4%), industrial producer prices (+3.3%), construction work prices (+1.9%) and service producer prices in the business sphere (+0.7%) increased.
Month-on-month comparison
Agricultural producer prices were higher by 1.8%. Increasing were prices of vegetables (+18.0%), poultry (+13.3%), fruit (+5.6%) and pigs for slaughter (+4.8%). On the increase were also prices of cereals (+2.2%), cattle for slaughter (+2.1%), oleaginous crops (+1.9%), eggs (+0.8%) and milk (+0.4%). Decreasing were prices of potatoes by 7.7%.
Prices of industrial producers increased by 1.4%. Prices rose particularly in ‘coke, refined petroleum products’. Prices were higher in ‘chemicals and chemical products’ (+8.3%) and ‘basic metals, fabricated metal products’ (+1.6%). Prices went up in ‘food products, beverages, tobacco’ (+0.2%), thereof ‘preserved meat and meat products’ (+1.2%) and ‘grain mill products, starches and starch products’ (+1.8%).
According to an estimate, construction work prices rose by 0.6% and prices of construction material and products input were higher by 1.3%.
Agricultural producer prices went up by 0.4% (in February they went down by 1.6%). Prices in the crop production grew by 6.3%. On the increase were prices of vegetables (+17.2%), cereals (+11.5%), oleaginous crops (+3.1%) and fruit (+1.4%). Prices of potatoes decreased by 27.8%. Prices in animal products fell by 6.4%. Prices of pigs for slaughter (-28.6%) and cattle for slaughter (-1.1%) were lower. On the increase were prices of poultry by 2.3%.
Prices of industrial producers were higher by 3.3%, it was the most since May 2019 (in February they rose by 1.4%). Prices went up particularly in ‘coke, refined petroleum products’. Prices increased in ‘basic metals, fabricated metal products’ (+8.3%) and ‘chemicals and chemical products’ (+10.0%). Prices were lower in ‘food products, beverages, tobacco’ (-1.4%), thereof ‘preserved meat and meat products’ (-10.0%).
Among the main industrial groupings, higher were primarily prices of ‘energy’ (+5.6%) and ‘intermediate goods’ (+5.4%). On the decrease were only prices of ‘non-durable consumer goods’ (-1.6%).
According to an estimate, construction work prices rose by 1.9% (+1.8% in February) and prices for construction material and products input increased by 4.2% (+3.2% in February).
Service producer prices in the business sphere were higher by 0.7% (+1.4% in February). Prices for ‘security and investigation services’ (+3.9%), ‘computer programming, consultancy and related services’ (+3.8%), ‘management consulting services’ (+1.5%) and legal and accounting services (+2.3%) rose. On the increase were also prices of ‘publishing services’ (+1.1%) and ‘land transport services’ and ‘real estate services’ (+0.8% both). Lower were prices of ‘information services’ by 2.1%. Service producer prices in the business sphere, excluding advertising services, grew by 0.8% (+1.5% in February).
Industrial producer prices increased in February by 1.7% (in January they rose by 0.4%) in EU27, year-on-year. The highest increase was observed in Ireland (+13.3%). Prices went up in Poland (+2.3%), Czechia and Germany (+1.4% both) and Austria (+1.1%) and went down in Slovakia
(-1.5%). The largest decrease was recorded in Cyprus (-4.2%).
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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
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 – 21 Price Indices of Constructions Works, Price Indices of Constructions, and Indices of Construction Costs
011044 – 21 Industrial Producer Price Indices
011045 – 21 Agricultural Producer Price Indices
011046 – 21 Service Producer Prices in the Business Sphere
Following outcomes: https://csu.gov.cz/producer-prices-publications
Next News Release will be published on: 17 May 2021