Producer price indices - September 2011

In September 2011, compared with the previous month, prices of agricultural producers fell by 2.2%. Prices of construction work stayed unchanged. Prices of industrial producers and market services increased by 0.2% and 0.8%, respectively.
In comparison to September 2010, agricultural and industrial producer prices were higher by 9.9% and 5.6%, respectively. Prices of market services were 0.5% up. Construction work prices decreased by 0.6%.
Monthly changes

Agricultural producer prices fell by 2.2% in total. Prices of crop products decreased by 4.6%, lower were prices of cereals (-2.8%) and potatoes (-31.3%). Prices of vegetables decreased (-4.2%), on the contrary, those of fruit increased (+3.6%). Prices of animal products increased by 0.6%, higher were prices of eggs (+13.0%) and poultry (+0.3%). Prices of pigs for slaughter, cattle for slaughter and milk increased coincidently by 0.1%.

Prices of industrial producers rose by 0.2%. Prices went up in ‘coke, refined petroleum products’ (+1.7%), ‘basic metals, fabricated metal products’ (+0.8%) and ‘transport equipment’ (+0.4%). Prices went down in ‘chemicals and chemical products’ (-1.1%), ‘mining and quarrying’ (-0.3%) and ‘food products, beverages, tobacco’ (-0.1%).

According to an estimate, construction work prices stayed unchanged; construction material input prices decreased by 0.1%.

Market services prices in the business sphere increased by 0.8%. Price growth was recorded in advertising and market research services (+8.0%). On the other hand prices of employment services decreased (-6.8%). Market services prices in total excluding advertising services decreased by 0.1%.

Annual changes

Agricultural producer prices were 9.9% up (+16.4% in August). Prices of crop products grew by 11.9%, due to higher prices of cereals (+22.2%) and oil plants (+31.3%). Prices of fruit were higher (+25.6%, mainly apples). Prices of potatoes (-37.0%, specifically main crop food potatoes) and vegetables (-31.6%) decreased. Prices of animal products grew (+7.6%), due to higher price of milk (+10.8%), poultry (+10.7%), cattle for slaughter (+5.2%) and pigs for slaughter (+2.0%). Prices of eggs were up (+4.2%) after twenty months of their decrease.

Industrial producer prices gained 5.6% (+5.7% in August). The total index was influenced particularly by the higher prices in ‘coke, refined petroleum products’ (+24.0%), ‘food products, beverages, tobacco’ (+8.4%) and ‘basic metals, fabricated metal products’ (+5.9%). Prices fell only in ‘computer, electronic and optical products’ (-1.5%) and ‘transport equipment’ (-0.8%), y-o-y.
Among the main industrial groupings, prices of ‘energy’ increased the most (+9.2%), y-o-y.

According to an estimate, construction work prices were 0.6% down (same as in August). Construction material input prices were 2.6% up (+2.2% in August).

Market services prices in the business sphere were 0.5% up (+0.9% in August). Increasing were especially prices in advertising and market research services (+5.0%). On the increase were also prices of freight transport services (+1.9%) and architectural and engineering services (+0.3%). Lower prices were recorded in rental and leasing services (-6.1%), insurance services (-2.4%) and telecommunication services (-0.3%). Market services prices excluding advertising services decreased by 0.1% in total (+0.3% in August).

Industrial producer prices in the EU – August 2011*

According to the Eurostat News Release industrial producer prices in the EU27 decreased by 0.2% in August (+0.4% in July), month-on-month. Among the Member States for which data are available, the largest decreases were observed in the United Kingdom (-1.1%), Bulgaria (-1.0%) and Greece (-0.9%). Prices decreased in Germany (-0.3%) and the Czech Republic (-0.1%). The highest increases were recorded in Latvia (+0.8%), Poland (+0.4%) and Hungary (+0.3%). Prices rose in Slovakia (+0.1%).

EU27 producer prices rose by 6.7% in August (+7.1% in July), year-on-year. The largest increases were observed in the United Kingdom (+11.9%), Lithuania (+10.5%) and Latvia (+9.4%), Prices rose in Poland (+7.0%), the Czech Republic (+5.7%), Germany (+5.4%) and Slovakia (+1.9%). There is none y-o-y price decrease in EU27 countries.

* Preliminary data

Analysis - Producer price indices in the third quarter of 2011

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Notes:
Responsible manager of the CZSO: Jiri Mrazek, Department Director
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 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. 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 - 11 Price Indices of Constructions Works, Price Indices of Constructions and Indices of Construction Costs
7003 - 11 Producer Price Indices – Basic Information
700444 - 11 Industrial Producer Price Indices
700544 - 11 Agricultural Producer Price Indices
700844 - 11 Market Services Price Indices in the Business Sphere
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Next News Release: 15 November 2011
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