Producer price indices - May 2016

In May 2016 compared with the previous month, agricultural producer prices went down by 2.0%. Industrial producer prices and prices of market services were both higher by 0.4% and 0.1%, respectively. Construction work prices stayed unchanged. In comparison to May 2015, agricultural producer prices were lower by 7.1% and industrial producer prices fell by 4.8%. Construction work prices grew by 1.0% and prices of market services increased by 0.2%.

Month-on-month comparison:

Agricultural producer prices decreased by 2.0%. Prices of potatoes (-7.7%), eggs (-5.6%), milk (-3.6%), poultry (-3.1%) and cereals (-2.4%) went down. Prices of pigs for slaughter went up by 0.8%.

Prices of industrial producers went up by 0.4%. Prices increased primarily in ‘coke, refined petroleum products’. Prices were higher in ‘chemicals and chemical products’ (+0.5%), basic metals, fabricated metal products’ (+0.4%) and ‘mining and quarrying’ (+0.3%). Prices went down in ‘food products, beverages, tobacco’ (-0.2%).

According to an estimate, construction work prices stayed unchanged and construction material input prices grew by 0.5%.

Market services prices in the business sphere rose by 0.1% due to the price increasing of ‘postal and courier services’ (+5.6%). Market services prices excluding advertising services went up by 0.2%.
 

Year-on-year comparison:

Agricultural producer prices went down by 7.1% (-7.2% in April). Prices of crop products went down by 3.1%. Lower were prices of cereals (-11.2%) and oil plants (-0.8%). Higher were prices of vegetables (+24.1%) and potatoes (+48.5%). Prices of animal products fell by 11.7% due to decreasing prices of milk (-20.1%), pigs for slaughter (-10.0%), eggs (-4.9%) and cattle for slaughter (-2.1%). On the increase were prices of poultry by 0.2%.

Prices of industrial producers went down by 4.8% (-4.7% in April). Prices decreased particularly in ‘coke, refined petroleum products’. Lower were prices in ‘chemicals and chemical products’ (-12.3%), ‘mining and quarrying’ (-7.1%) and ‘basic metals, fabricated metal products’ (-5.5%). Prices went down in ‘electricity, gas, steam and air conditioning’ (-4.0%). Prices were lower in ‘food products, beverages, tobacco’ (-3.0%). Prices rose more significantly in ‘water supply, sewerage, waste management and remediation services’ (+1.6%).

Among the main industrial groupings, prices of ‘energy’ (-10.2%) decreased the most, y-o-y.

According to an estimate, construction work prices rose by 1.0% (+1.2% in April) and construction material input prices fell by 1.9% (-2.1% in April).

Prices of market services in the business sphere grew by 0.2% (like in April). Increasing were prices in ‘postal and courier services’ (+5.6%), ‘employment services’ (+4.8%), ‘computer programming, consultancy and related services’ (+1.7%), ‘advertising and market research services’ (+1.5%) and ‘architectural and engineering services’ (+1.4%). On the decrease were prices of ‘land transport services and transport services via pipelines’ (-0.8%) and ‘insurance, reinsurance and pension funding services, except compulsory social security’ (-4.4%). Market services prices excluding advertising services increased by 0.1% (in April stayed unchanged). 
 

Industrial producer prices in the EU – April 2016*

According to the Eurostat News Releases, industrial producer prices went down in April by 0.2% (+0.4% in March) in EU28, month-on-month. Among the Member States for which data are available, the largest decreases were observed in Croatia (-1.5%) and Sweden (-1.0%). Prices decreased in Slovakia (-0.1%), remained stable in Germany and rose in the Czech Republic and Austria (+0.1% both) and Poland (+0.4%). Prices rose the most in Ireland (+1.3%).

Industrial producer prices decreased in April by 4.2% (-4.1% in March) in EU28, year-on-year. Industrial producer prices fell in all Member States except Malta (+1.0%). The largest decreases were observed in the Netherlands (-10.3%), Greece (-8.8%) and Belgium (-6.9%). Prices were lower in Slovakia (-5.8%), the Czech Republic (-4.7%), Austria (-3.8%), Germany (-3.0%) and Poland (-1.8%).

* Preliminary data