Producer price indices - October 2015

Month-on-month comparison:

Agricultural producer prices grew by 3.3%. Prices of fresh vegetables (+8.7%), eggs (+6.1%), poultry (+4.6%), cereals (+1.7%) and pigs for slaughter (+1.3%) went up. Prices of fruit went down by 4.1%.

Prices of industrial producers went down by 0.2%. Prices fell in ‘chemicals and chemical products’ (-1.5%) and ‘basic metals, fabricated metal products’ (-0.6%). Prices were lower also in ‘coke, refined petroleum products’. On the decrease were prices in ‘food products, beverages, tobacco’ (-0.2%), thereof ‘dairy products’ (-0.9%) and ‘bakery and farinaceous products’ (-0.4%). Prices rose in ‘mining and quarrying’ (+0.5%).

According to an estimate, construction work prices increased by 0.1% and construction material input prices decreased by 0.2%.

Market services prices in the business sphere rose by 0.3% due to the price increasing of ‘advertising and market research services’ (+4.9%). Prices of ‘land transport services and transport services via pipelines’ (-0.4%) and ‘rental and leasing services’ (-0.3%) went down. Market services prices excluding advertising services fell by 0.1%.

Year-on-year comparison:

For the first time after twenty six months of falling, agricultural producer prices grew by 3.2% (-3.2% in September). Prices of crop products went up by 12.9%. Higher were prices of fresh vegetables (+62.8%), fruit (+29.9%), potatoes (+34.0%), oil plants (+8.5%) and cereals (+3.2%). Prices of animal products went down by 11.5% due to decreasing prices of milk (-22.0%), pigs for slaughter (-7.9%) and eggs (-2.7%). On the increase were prices of cattle for slaughter (+3.0%) and poultry (+1.4%).

Prices of industrial producers went down by 3.9% (-4.2% in September). Prices decreased primarily in ‘coke, refined petroleum products’. Prices were lower in ‘chemicals and chemical products’ (-15.4%) and ‘basic metals, fabricated metal products’ (-2.9%). On the decrease were prices in ‘food products, beverages, tobacco’ (-1.6%), thereof ‘dairy products’ (-8.7%), ‘other food products’ (-3.2%) and ‘preserved meat and meat products’ (-2.6%). On the increase were prices in ‘water supply, sewerage, waste management and remediation services’ (+3.4%). Prices rose in ‘furniture, other manufactured products’ (+1.8%), thereof particularly ‘installation services of industrial machinery and equipment’ (+3.4%).

Among the main industrial groupings, prices of ‘energy’ (-9.1%) decreased the most, y-o-y.

According to an estimate, construction work prices rose by 1.3% (+1.4% in September after specification) and construction material input prices fell by 0.8% (-0.9% in September).

Prices of market services in the business sphere went down by 0.1% (-0.2% in September). Decreasing were prices in ‘information services’ (-2.5%), ‘land transport services and transport services via pipelines’ (-1.6%), ‘real estate services’ (-1.2%) and ‘insurance, reinsurance and pension funding services’ (-0.9%). On the increase were prices of ‘postal and courier services’ (+6.9%), advertising and market research services’ (+3.8%) and ‘publishing services’ (+3.3%). Market services prices excluding advertising services were lower by 0.4% (like in September). 

Industrial producer prices in the EU – September 2015*

According to the Eurostat News Releases, industrial producer prices went down in September by 0.3% (-0.9% in August) in EU28, month-on-month. Among the Member States for which data are available, the largest decreases were observed in Ireland (-2.0%), Slovakia (-1.3%) and Lithuania (-1.1%). Prices were lower in the Czech Republic (-0.7%), Germany (-0.4%), Austria (-0.3%) and Poland (-0.2%). Prices rose only in Belgium and Malta (+0.5% both) and France (+0.1%).

Industrial producer prices fell in September by 3.8% (-3.4% in August) in EU28, year-on-year.

Prices decreased in all Member States, the most in Lithuania (-10.5%), Greece (-8.8%) and the United Kingdom (-8.4%). Prices went down in Slovakia (-5.4%), the Czech Republic (-4.2%), Poland (-3.0%), Austria (-2.5%) and Germany (-2.0%).

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* Preliminary data

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