Producer price indices - May 2006

In May 2006, month-on-month, producer prices in both agriculture and market services were up by 0.8%, industrial producer prices and construction work prices grew by 0.3% and 0.1%, respectively.
In terms of year-on-year comparison, producer prices in agriculture were higher by 2.6%, in industry by 1.5%, prices of construction work and market services were up by 2.3% and 4.3%, respectively.
Month-on-month comparison:

Agricultural producer prices grew by 0.8%, following higher prices of vegetables (+16.9%), fruit (+15.7), potatoes (+4,5%) and also of pigs and cereals. Down were the prices of eggs (-4.7%), poultry (-4.3%), milk (-1.2%) and cattle for slaughter (-0.5%).

The prices of industrial producers increased by 0.3%. Prices were up again in ‘coke, refined petroleum products’ (+2.1%). On the increase were also the prices of ‘electrical and optical equipment’ (+1.2%, due to insulated wire and cables) and ‘basic metals, fabricated metal products’ (+0.6%; non-ferrous metals). On the other hand, the prices of ‘coal and lignite, peat’ were down (-2.4%).

Construction work prices rose by 0.1%; construction material inputs prices fell by 0.8%.

The prices of market services in the business sphere grew by 0.8%, especially due to a price increase in ‘real estate, renting and business activities’ by 1.2% (higher prices of ‘advertising services’).


Year-on-year comparison:

Agricultural producer prices were higher by 2.6% (like in April). The prices of crop products rose by 13.9% due to higher prices of potatoes (+75.7%), fruit (+44.3%), vegetables (+12.3%) and cereals (+4.1%). The prices of animal products fell by 1.9%; down were the prices of poultry (-11.4%), milk (-4.2%), also of pigs and cattle for slaughter. Only the prices of eggs were up (+8.7%).

The prices of industrial producers increased by 1.5% (+0.5% in April). The growth of prices in ‘coke, refined petroleum products’ speeded up to 18.8% (from 11.5% in April). On the other hand, decreases decelerated in the prices of ‘basic metals, fabricated metal products’ to 3.2% (from 5.0% in April) and ‘food products, beverages and tobacco’ to 2.0% (from 2.7% in April). The prices of ‘electrical energy, gas, steam and water’ remained higher by 8.2% (like in April).

Among the main industrial groupings, the prices of ‘energy’ grew most (+9.2%). On the other hand, the prices of ‘non-durable consumer goods’ (-0.9%) and ‘intermediate goods’ (-0.7%) dropped.

Construction work prices were up by 2.3% (like in April); construction material inputs prices decreased by 0.3% (-0.2% in April).

The prices of market services in the business sphere grew by 4.3% (+3.9% in April) in total. Prices grew in ‘post and telecommunication services’ (+5.2%; a price increase in telephone services), in ‘real estate, renting and business activities’ (+4.8%; higher prices of ‘advertising services’ by 17.8% and of ‘architectural and engineering services’ by 4.5%) and in ‘financial intermediation, except insurance and pension funding’ (+3.5%).


Industrial producer prices in the EU – April 2006*

On average for the EU member states (EU25), according to data published by Eurostat, industrial producer prices were up by 0.5% month-on-month in April 2006 (+0.3% in the Czech Republic). Among member states, for which data are available, the highest increases were recorded in Greece (+1.3%), Germany and Italy (+1.0% both). Prices in Slovakia rose by 0.7%. Decreases were observed only in the United Kingdom (-0.6%) and Denmark (-0.3%).

Year-on-year, prices in the EU25 were higher by 6.6% in total in April 2006, most in the United Kingdom (+12.9%), Luxembourg (+10.3%) and Slovakia (+9.8%). Prices in Germany were higher by 6.1%. The lowest increases were recorded in the Czech Republic (+0.5%) and Slovenia (+2.0%). None of the EU member states registered a drop.

* Preliminary data

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Note
Contact: Hana Sykorova, phone (+420) 274 054 101, e-mail: hana.sykorova@csu.gov.cz
Miloslav Beranek, phone (+420) 274 052 665, e-mail: miloslav.beranek@csu.gov.cz
Data source: CZSO survey
End of data collection / end of data processing:
Agricultural producer price indices: 24th calendar day of reference month / 8th calendar day of the following month
Industrial producer price indices: 12th calendar day of reference month / 7th calendar day of the following month
Construction work price indices: last calendar day of reference month / 5th working day of the following month
Price indices of market services: 15th calendar day of reference month / 7th calendar day of the following month
Except for construction work price indices, the data published are final. Construction work price indices are refined using the finished quarterly survey and final data are released on the 45th calendar day of the following quarter.
Related publications: 7001-06 Price Indices of Construction Work, Types of Constructions and Costs of Construction Output
7003-06 Producer Price Indices – Basic Information
7004-06 Industrial Producer Price Indices
7005-06 Agricultural Producer Price Indices
7008-06 Price Indices of Market Services in the Business Sphere
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