Producer price indices - September 2020
Y-o-y decrease of prices of agriculture producers continued for the eleventh month in a row
Publication Date: 16. 10. 2020
Product Code: 011047-20
Agricultural producer prices and service producer prices in the business sphere both went up by 0.8%. Industrial producer prices (+0.2%) and construction work prices (+0.3%) were both higher, month-on-month. From the year-on-year perspective, agricultural producer prices decreased by 3.5% and industrial producer prices fell by 0.4%. Construction work prices (+2.8%) and service producer prices in the business sphere (+1.7%) increased.
Month-on-month comparison
Agricultural producer prices rose by 0.8% due to increasing prices of cattle for slaughter by 1.1%. On the decrease were prices of poultry (-3.9%), pigs for slaughter (-2.7%) and cereals
(-0.3%).
Agricultural producer prices dropped by 3.5% (-1.9% in August). Prices in the crop production grew by 1.1%. On the decrease were prices of potatoes (-27.1%), fresh vegetables and cereals (-0.7%) both. Prices of fruit (+22.5%) and oleaginous crops (+8.0%) went up. Prices in animal products fell by 7.2%. Prices of pigs for slaughter (-18.4%), poultry (-7.4%), milk (-4.0%) and cattle for slaughter (-3.3%) were lower. Prices of eggs were higher by 4.0%.
Among the main industrial groupings, lower were prices of ‘energy’ (-2.8%) and ‘intermediate goods’ (-1.8%).
According to an estimate, construction work prices rose by 2.8% (+3.4% in August) and prices for construction material and products input increased by 0.3% (-0.5% in August).
Service producer prices in the business sphere were higher by 1.7% (+2.1% in August). Prices for ‘warehousing and support services for transportation’ (+5.9%), ‘management consulting services’ (+5.0%) and ‘security and investigation services’ (+4.2%) rose. On the increase were also prices of ‘real estate services’ (+3.2%), ‘computer programming, consultancy and related services’ (+3.1%) and ‘employment services’ (+2.0%). Lower were prices of ‘advertising and market research services’ by 3.2%. Service producer prices in the business sphere, excluding advertising services, grew by 2.1% (+2.3% in August).
According to the Eurostat News Releases, industrial producer prices increased in August by 0.2% (in July they rose by 0.6%) in EU27, month-on-month. The highest increase was recorded in Estonia (+3.1%). Price were higher in Germany and Austria (+0.1 %). Lower were prices in Slovakia (-0.4%), the Czech Republic (-0.3%) and Poland (-0.2%). The largest decrease was observed in Bulgaria (-0.5%).
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Notes:
Responsible head at the CZSO: Jiří Mrázek, Director of Prices Statistics Department, phone (+420) 274 052 533, e-mail: jiri.mrazek@csu.gov.cz
Contact person: Jiří Šulc, Head of Agricultural, Construction, and Services Prices Statistics Unit, phone (+420) 274 052 148, e-mail: jiri.sulc@csu.gov.cz
Miloslav Beránek, Industrial and International Trade Prices Statistics Unit, phone (+420) 274 052 665, e-mail: miloslav.beranek@csu.gov.cz
Method of data acquisition: CZSO direct surveys
Agricultural producer price indices: 26th calendar day of reference month / 8th calendar day of the following month
Industrial producer price indices: 20th calendar day of reference month / 9th calendar day of the following month
Service producer prices in the business sphere: 20th calendar day of reference month / 9th calendar day of the following month
Except for the construction work price indices, the published figures are final data. Estimates of the construction work price indices are carried out on the 9th calendar day of the following month. Then, construction work price indices are made more precise using results of the finished quarterly survey and the finalised data are released on the 46th calendar day of the following quarter.
011044 – 20 Industrial Producer Price Indices
011045 – 20 Agricultural Producer Price Indices
011046 – 20 Service Producer Prices in the Business Sphere
Following outcomes: https://csu.gov.cz/producer-prices-publications
Next News Release will be published on: 16 November 2020