Producer price indices - May 2008

In May 2008, compared to the previous month, prices of agricultural and industrial producers, construction work and market services grew by 0.5%, 1.0%, 0.4% and 0.1%, respectively.
In comparison to May 2007, prices of agricultural and industrial producers increased by 28.2% and 5.2%, respectively; prices of construction work and market services were up by 5.0% and 4.0%, respectively.
Month-on-month comparison:

Agricultural producer prices grew by 0.5% in total. Prices of crop products rose by 2.4% due to higher prices of cereals (+2.1%), fruit and oil plants (+2.3% both), and hops (+93.4%). The prices of potatoes and vegetables fell by 2.7% and 20.2%, respectively. Prices of animal products decreased by 2.2%; prices of eggs (-5.6%) and milk (-5.8%) were lower. Higher prices were recorded for cattle for slaughter (+0.4%) and pigs for slaughter (+4.2%).

Industrial producer prices grew by 1.0% (no change in April). Prices went up most markedly in ‘coke, refined petroleum products’ (+9.1%, the highest increase since June 2004) and ‘basic metals, fabricated metal products’ (+2.1%). On the other hand, prices in ‘food products, beverages and tobacco’ went down by 0.2% (lower prices of tobacco and dairy products).

Construction work prices rose by 0.4%, construction material input prices grew by 0.2%.

Prices of market services in the business sphere grew by 0.1%, due to a 0.2% price rise in ‘real estate, renting and business services’ (prices of computer activities up by 0.6%).


Year-on-year comparison:

Agricultural producer prices were higher by 28.2% (+27.9% in April). Prices of crop products grew by 41.1%, mainly due to higher prices of cereals (+57.7%), oil plants (+71.9%) and hops (+135.0%). The prices of fruit increased by 42.2%. The prices of potatoes and vegetables fell by 45.9% and 0.9%, respectively. Prices of animal products were higher by 12.6%. The prices of milk, poultry, eggs and cattle for slaughter grew by 17.6%, 15.8%, 14.2% and 8.0%, respectively. Lower prices were recorded for cattle for slaughter (-1.9%).

Industrial producer prices rose by 5.2% (+4.7% in April). The price level was the most influenced by prices of ‘coke, refined petroleum products’ (+28.3%) and prices of ‘food products, beverages and tobacco’ (+8.6%). Prices went up particularly in ‘prepared animal feed’ (+35.8%), ‘dairy products and ice cream’ (+10.4%) and ‘other food products’ (+8.0%). Prices of ‘electrical energy, gas, steam and water’ increased by 9.1%. Prices decreases were recorded only in ‘transport equipment’ (-4.1%), ‘rubber and plastic products’ (-2.8%), ‘wood and products of wood and cork’ (-3.9%) and ‘textiles and textile products’ (-0.5%).
Among the main industrial groupings, prices of ‘energy’ (+15.1%) and ‘non-durable consumer goods’ (+4.2%) increased the most.

Construction work prices were higher by 5.0% (+4.9 in April); construction material input prices grew by 2.6% (+ 2.9% in April).

Prices of market services in the business sphere were higher by 4.0% in total (+4.3% in April). Prices of ‘real estate, renting and business services’ increased by 5.6% (prices of advertising services up by 10.4%). Prices of ‘freight transport and storage services’ and ‘financial intermediation, except insurance and pension funding’ increased by 2.5% and 2.2%, respectively.


Industrial producer prices in the EU – April 2008*

According to the Eurostat News Release, industrial producer prices in the EU27 grew by 0.9% in April month-on-month (+0.7% in March). Among the member states for which data are available, the highest increases were recorded in Denmark (+3.3%), Ireland and the Netherlands (+1.5% both). Prices in Germany increased by 1.1% and in Slovakia by 0.2%. Prices of industrial producers in the Czech Republic remained at the level of the previous month. The only price decrease was recorded in Luxembourg (-0.3%).
Year-on-year, prices in the EU27 were higher by 7.6% (+6.7% in March), the most in Lithuania (+16.5%), Denmark (+15.7%) and Romania (+14.4%) and the least in the Czech Republic (+4.7%), Finland and Luxembourg (+5.1% both). Prices in Germany increased by 5.2% and in Slovakia by 5.7%.

* Preliminary data

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Note
Contact: Miloslav Beranek, phone (+420) 274 052 665, e-mail: miloslav.beranek@csu.gov.cz
Hana Sykorova, phone (+420) 274 054 101, e-mail: hana.sykorova@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: 20th 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 the construction work price indices, the data are final. The construction work price indices are updated using the finished quarterly survey and the final data are released on the 45th calendar day of the following quarter.
Related publications: 7001-08 Price Indices of Construction Work, Types of Constructions and Costs of Construction Output
7003-08 Producer Price Indices – Basic Information
7004-08 Industrial Producer Price Indices
7005-08 Agricultural Producer Price Indices
7008-08 Price Indices of Market Services in the Business Sphere
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