Producer price indices - November 2012

In November 2012 compared with the previous month, agricultural producer prices increased by 1.7%, industrial producer prices also grew by 0.1%. Prices of construction works and market services fell by 0.1% and 0.3%, respectively.
In comparison to November 2011, prices of agricultural and industrial producer prices increased by 14.6% and 1.6%, respectively. Prices of construction works and market services were lower by 0.6% and 1.0%, respectively.

Month-on-month comparison:

Agricultural producer prices in total went up (+1.7%). Prices of crop products rose by 1.5%. Prices of cereals increased (+0.9%). Furthermore, prices of oil plants, potatoes and fruit all went up (+1.8%, +6.9%, +8.2%). Prices of vegetables fell by 1.4%. Prices of animal products increased (+2.1%). Prices of eggs went up by 0.7%, prices of pigs for slaughter and poultry were also higher by 0.6% and 3.8%, respectively. On the increase were also prices of cattle for slaughter (+2.6%) and milk (+2.7%).

Prices of industrial producers increased in total by 0.1%. Prices rose in ‘food products, beverages, tobacco’ (+0.6%), thereof ‘dairy products’ and ‘vegetable and animal oils and fats’ (+2.1% both) and ‘grain mill products, starches and starch products’ (+1.2%). Prices went up in ‘transport equipment’ (+1.0%), thereof ‘parts and accessories for motor vehicles’ (+1.3%). Prices went down in ‘mining and quarrying’ (-3.4%) and ‘coke, refined petroleum products’ (-1.5%).

According to an estimate, construction work prices and construction material input prices both fell by 0.1%

Market services prices in the business sphere decreased by 0.3%. Prices of advertising and market research services went down by 1.6%. Prices of financial intermediation, except insurance and pension funding and freight transport services prices decreased both by 0.6%. Market services prices in total excluding advertising services decreased by 0.2%.

Year-on-year comparison:

Agricultural producer prices were higher by 14.6% (+12.5% in October). Prices of crop products grew by 23.6%, primarily prices of oil plants increased (+20.8%), potatoes (+29.7%), cereals (+28.9%) and vegetables (+28.2%). Prices of fruit were higher (+8.7%). Animal products prices increased by 4.4%. Price of eggs grew (+33.5%), prices of pigs for slaughter increased as well (+21.2%). On the increase were also prices of cattle for slaughter (+13.1%), poultry (+7.8%). Prices of milk decreased by 10.1%.

Industrial producer prices gained 1.6% (+1.9% in October). Prices increased significantly in ‘chemicals and chemical products’ (+12.1%) and ‘food products, beverages, tobacco’ (+4.6%). Prices rose in ‘prepared animal feeds’ and ‘vegetable and animal oils and fats’ (+19.8% both) and ‘grain mill products, starches and starch products’ (+4.8%) and decreased in ‘dairy products’ (-1.1%). Prices went down in ‘mining and quarrying’ (-3.1%) and ‘basic metals and fabricated metal products’ (-2.2%).
Among the main industrial groupings, prices of ‘non-durable consumer goods’ (+2.9%) increased the most, prices of ‘durable consumer goods’ (-0.4%) decreased only.

According to an estimate, construction work prices were down by 0.6% (the same as in October). Construction material input prices were up by 0.2% (+0.7% in October).

Market services prices in the business sphere decreased by 1.0% (the same as in October). Decreasing were prices in advertising and market research services (−6.2%), architectural and engineering services (−2.8%) and telecommunication services (−1.0%). On the increase were prices of financial intermediation, except insurance and pension funding (+4.0%). Market services prices excluding advertising services decreased by 0.3% (−0.1% in October).

Industrial producer prices in the EU – October 2012*

According to the Eurostat News Releases industrial producer prices in the EU27 increased by 0.1% in October (+0.3% in September), month-on-month. Among the Member States for which data are available, the highest increases were recorded in Belgium and the Netherlands (+0.8% both) and Romania (+0.6%). Prices increased in Slovakia (+0.3%) and the Czech Republic (+0.2%), remained stable in Austria and Germany and decreased in Poland (-0.6%). The largest decreases were observed in Lithuania (-1.1%) and Greece (-1.0%).

EU27 producer prices rose by 2.5% in October (+2.6% in September), year-on-year. The largest increases were observed in Bulgaria (+6.9%), Romania (+6.5%) and Cyprus (+6.3%), Prices rose in Slovakia (+4.0%), Poland (+2.1%), the Czech Republic (+1.9%), Germany (+1.5%) and Austria (+0.9%). There is none y-o-y decrease in the EU countries.

* Preliminary data


The Czech Statistical Office has prepared the standard revision of the calculation of following indices: those of agricultural producer prices and of market services prices.
Since January 2013, price indices of agricultural producers will be calculated on the new weighting schemes based on the structure of average sales for the years 2009, 2010 and 2011. Indices will be calculated on the base where average of 2010 = 100. Published indices for 2010, 2011 and 2012 will be also reviewed.
Since January 2013, price indices of market services will be calculated on the new weighting scheme based on the structure of sales in 2011. The newly calculated indices (based on the average of 2011 which means 100) will be chained to the existing price indices based on the average of 2005 = 100. The continuation of the indices will be ensured. The published indices to date will not be revised.

Publication of all producer price indices for January 2013 will be postponed in the harmony with Catalogue of products for one week at 22 February 2013.


Notes:
Responsible manager of the CZSO: Jiri Mr azek, Department Director, phone (+420) 274 052 533, jiri.mrazek@csu.gov.cz
Contact: Jiri Sulc, phone (+420) 274 052 148, e-mail: jiri.sulc@csu.gov.cz
Miloslav Beranek, phone (+420) 274 052 665, e-mail: miloslav.beranek@csu.gov.cz
Data source: CZSO surveys
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
Market services price indices: 15th calendar day of reference month / 7th calendar day of the following month
Except for the construction work price indices, the published data are finalised. Estimates of the construction work price indices are carrying out on the 9th calendar day of the following day. Construction work price indices are updated using the finished quarterly survey and the finalised data are released on the 45th calendar day of the following quarter.
Related publications: 700144 - 12 Price Indices of Constructions Works, Price Indices of Constructions and Indices of Construction Costs
7003 - 12 Producer Price Indices – Basic Information
700444 - 12 Industrial Producer Price Indices
700544 - 12 Agricultural Producer Price Indices
700844 - 12 Market Services Price Indices in the Business Sphere
Internet: http://www.czso.cz/eng/edicniplan.nsf/aktual/ep-7?opendocument#70
/catalogue-of-products
Next News Release: 15 January 2013

Text not edited for language.