Producer price indices - October 2019

Construction work prices went up by 0.3%, month-on-month (m-o-m). Service producer prices in the business sphere remained stable. Agricultural producer prices and industrial producer prices went down by 1.4% and 0.3%, respectively. From the year-on-year perspective, agricultural producer prices (+0.4%), industrial producer prices (+0.9%), construction work prices (+4.8%) and service producer prices in the business sphere (+2.3%) increased.  

Month-on-month comparison

Agricultural producer prices fell by 1.4%. Prices of potatoes (-10.2%), poultry (-4.8%), vegetables (-3.0%), cattle for slaughter (-1.2%) and cereals (-0.4%) decreased. Prices of eggs (+6.7%), oleaginous crops (+4.8%) and fruit (+4.5%) increased. Prices of pigs for slaughter and milk both grew by 0.7%.

Prices of industrial producers decreased by 0.3%. Prices fell in ‘mining and quarrying’ (-2.1%), ‘basic metals, fabricated metal products’ (-0.6%), ‘chemicals and chemical products’ (-1.5%) and ‘transport equipment’ (-0.4%), thereof ‘parts and accessories for motor vehicles’ (-0.8%). On the decrease were also prices in ‘coke, refined petroleum products’. Prices of ‘food products, beverages, tobacco’ were higher by 0.4%, thereof ‘dairy products’ (+1.6%), on the other hand, prices were lower in ‘grain mill products, starches and starch products’ (-1.9%).

According to an estimate, construction work prices were higher by 0.3% and prices of construction material and products input were lower by 0.2%.

Service producer prices in the business sphere remained stable. Prices for ‘employment services’ (+3.6%), ‘advertising and market research services’ (+1.0%) and ‘information services’ (+0.8%) rose. Prices of ‘warehousing and support services for transportation’ and ‘financial services, except insurance and pension funding’ were both lower by 0.3%. Prices for ‘management consulting services’ (-1.4%) and ‘architectural and engineering services’ (-2.0%) dropped. Service producer prices in the business sphere, excluding advertising services also remained stable.

Year-on-year comparison

Agricultural producer prices rose by 0.4% (in September they increased by 2.0%). Prices in the crop production fell by 1.6%. On the decrease were prices of vegetables, cereals and oleaginous crops (especially poppy seeds) by 15.4%, 7.6% and 4.1%, respectively. Prices of fruit (+39.3%) and potatoes (+16.2%) grew. Prices of animal products rose by 5.0%. Prices of pigs for slaughter (+26.1%) and milk (+2.0%) went up. Prices for cattle for slaughter (-2.2%) and poultry (-3.6%) went down. 

Prices of industrial producers were higher by 0.9% (+1.9% in September). Prices grew in ‘electricity, gas, steam and air conditioning’ (+7.5%) and ‘food products, beverages, tobacco’ (+3.3%), thereof ‘preserved meat and meat products’ (+10.4%). Prices increased in ‘furniture, other manufactured products’ (+4.4%), ‘rubber and plastic products, other non-metallic mineral products’ (+1.7%) and ‘mining and quarrying’ (+3.6%). Prices fell significantly in ‘coke, refined petroleum products’. Lower were prices also in ‘chemicals and chemical products’ (-5.5%).

Among the main industrial groupings, ‘non-durable consumer goods’ (+3.7%) were higher especially.

According to an estimate, construction work prices rose by 4.8% (in September they increased by 4.9% after specification) and prices for construction material and products input grew by 2.0% (in September they increased by 2.7%).

Service producer prices in the business sphere were higher by 2.3% (in September they increased by 2.8%). Prices for ‘employment services’ (+14.2%), ‘insurance, reinsurance and pension funding services, except compulsory social security’ (+6.6%) and ‘advertising and market research services’ (+2.6%) went up. Furthermore, prices were higher for ‘management consulting services’ (+2.4%) and land transport services’ (+2.2%). Prices of ‘warehousing and support services for transportation’ were lower by 1.9%. Service producer prices in the business sphere, excluding advertising services, grew by 2.3% (in September they increased by 2.4%).

Industrial producer prices in the EU – September 2019 (preliminary data)

According to the Eurostat News Releases, industrial producer prices increased in September by 0.1% (-0.4% in August) in EU28, month-on-month. The highest increase in prices was recorded in Greece (+1.2%). Prices were higher in Poland (+0.3%), the Czech Republic and Germany (+0.1% both), remained stable in Austria and were lower in Slovakia (-0.2%). The largest decrease was observed in Latvia (-1.3%).

Industrial producer prices were lower in September by 0.7% (-0.3% in August) in EU28, year-on-year. The largest decrease in prices was recorded in Denmark (-4.0%). Prices were lower in Austria (-1.5%) and were higher in the Czech Republic (+1.9%), Slovakia (+1.3%), Poland (+0.8%) and Germany (+0.1%). The highest increase was observed in Bulgaria (+4.5%).

Related publications: 011041 – 19 Price Indices of Constructions Works, Price Indices of Constructions, and Indices of Construction Costs
011044 – 19 Industrial Producer Price Indices
011045 – 19 Agricultural Producer Price Indices
011046 – 19 Service Producer Prices in the Business Sphere
Following outcomes: https://csu.gov.cz/producer-prices-publications
Next News Release will be published on: 16 December 2019