Producer price indices - September 2015

Month-on-month comparison:

Agricultural producer prices grew by 0.5%. Prices of fruit (+17.5%) and fresh vegetables (+16.5%) went up. Prices of cattle for slaughter (-2.0%), milk (-2.2%) and poultry (-3.1%) went down.

Prices of industrial producers went down by 0.7%. Prices decreased the most significantly in ‘coke, refined petroleum products’. Prices fell in ‘chemicals and chemical products’ (-5.6%) and ‘mining and quarrying’ (-1.3%). On the decrease were also prices in ‘food products, beverages, tobacco’ (-0.2%), thereof ‘beverages’ (-0.9%) and ‘other food products’ (-0.6%).

According to an estimate, construction work prices increased by 0.1% and construction material input prices decreased by 0.3%.

Market services prices in the business sphere rose by 0.9% due to the price increasing of ‘advertising and market research services’ (+14.5%). Market services prices excluding advertising services stayed unchanged.

Year-on-year comparison:

Agricultural producer prices fell by 3.2% (-7.0% in August). Prices of animal products went down by 14.1% due to decreasing prices of milk (-23.5%), pigs for slaughter (-13.9%) and poultry (-2.0%). On the increase were prices of cattle for slaughter (+1.7%) and eggs (+4.3%). Prices of crop products went up by 5.5%. Higher were prices of fresh vegetables (+55.3%), fruit (+18.5%) and potatoes (+13.1%). Prices of cereals were lower by 2.2%.

Prices of industrial producers went down by 4.2% (-3.7% in August). This is the largest decrease since October 2009. Prices decreased especially in ‘coke, refined petroleum products’. Prices fell in ‘chemicals and chemical products’ (-14.4%) and ‘basic metals, fabricated metal products’ (-2.5%). Lower were prices in ‘food products, beverages, tobacco’ (-2.4%), thereof ‘dairy products’ (-9.4%), ‘other food products’ (-3.9%) and ‘preserved meat and meat products’ (-3.7%). Prices rose in ‘water supply, sewerage, waste management and remediation services’ (+3.4%) and ‘furniture, other manufactured products’ (+1.6%).

Among the main industrial groupings, prices of ‘energy’ (-10.1%) decreased the most, y-o-y.

According to an estimate, construction work prices rose by 1.3% (+1.2% in August) and construction material input prices fell by 0.9% (-0.6% in August).

Prices of market services in the business sphere went down by 0.2% (like in August). Decreasing were prices in ‘information services’ (-2.5%) and ‘land transport services and transport services via pipelines’ (-1.7%), ‘real estate services’ (-1.2%) and ‘insurance, reinsurance and pension funding services’ (-1.0%). On the increase were prices of ‘postal and courier services’ (+6.9%), ‘publishing services’ (+3.5%) and ‘advertising and market research services’ (+2.0%). Market services prices excluding advertising services were lower by 0.4% (like in August). 

Industrial producer prices in the EU – August 2015*

According to the Eurostat News Releases, industrial producer prices decreased in August by 0.9% (-0.3% in July) in EU28, month-on-month. Among the Member States for which data are available, the largest decreases were observed in Greece (-3.2%), the Netherlands (-2.4%) and Lithuania (-1.9%). Prices went down in the Czech Republic and Poland (-0.8% both), Germany and Austria (-0.4% both) and Slovakia (-0.3%). Prices rose only in Denmark (+1.7%) and Estonia (+0.6%).

Industrial producer prices decreased in August by 3.4% (-2.7% in July) in EU28, year-on-year. Prices fell in all Member States, with the largest decreases observed in Lithuania (-9.8%), Greece and the United Kingdom (-8.4% both). Prices went down in Slovakia (-4.2%), the Czech Republic (-3.7%), Poland (-3.0%), Austria (-1.9%) and Germany (-1.6%).

 
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* Preliminary data

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