Producer price indices - February 2017
Industrial producer prices rose m-o-m for the sixth time in a row
Month-on-month comparison:
Agricultural producer prices grew by 1.2%. Prices of potatoes (+10.8%), vegetables (+5.7%), milk (+2.7%), oil plants (+2.3%) and cereals (+2.0%) went up. Prices of fruit (-5.4%), poultry
(-2.8%) and pigs for slaughter (-2.3%) went down.
Prices of industrial producers went up by 0.4%. Prices were higher in ‘chemicals and chemical products’ (+3.8%), ‘mining and quarrying’ (+3.1%) and ‘basic metals, fabricated metal products’ (+2.1%). Lower were prices in ‘transport equipment’ (-0.9%) and ‘food products, beverages, tobacco’ (-0.1%).
According to an estimate, construction work prices rose by 0.1% and construction material input prices increased by 0.6%.
Market services prices in the business sphere grew by 0.4% due to the price increasing of ‘advertising and market research services’ (+4.0%), ‘warehousing and support services for transportation’ (+1.2%), ‘insurance, reinsurance and pension funding services, except compulsory social security’ (+0.6%) and ‘real estate services’ (+0.5%). On the decrease were prices of ‘legal and accounting services’ (-0.8%) and ‘architectural and engineering services’
(-0.6%). Market services prices excluding advertising services rose by 0.2%.
Year-on-year comparison:
Agricultural producer prices were lower by 0.8% (-3.0% in January). Prices of crop products went down by 7.8%. Lower were prices of fresh vegetables (-35.6%), potatoes (-20.5%), cereals (-10.1%) and fruit (-3.9%). Prices of animal products grew by 6.7% due to increasing prices of pigs for slaughter (+18.1%), milk (+7.0%) and eggs (+5.5%). Lower were prices of poultry
(-3.5%) and cattle for slaughter (-0.3%).
Prices of industrial producers rose by 3.1% (+2.1% in January). Prices went up the most significantly in ‘coke, refined petroleum products’. Higher were prices in ‘chemicals and chemical products’ (+8.5%), ‘mining and quarrying’ (+5.8%) and ‘basic metals, fabricated metal products’ (+4.8%). On the increase were also prices in ‘food products, beverages, tobacco’ (+0.6%), thereof ‘dairy products’ (+3.4%). Prices went down in ‘basic pharmaceutical products’ (-1.3%), ‘electricity, gas, steam and air conditioning’ (-1.2%) and ‘transport equipment’ (-0.9%).
Among the main industrial groupings, prices of ‘energy’ increased the most (+8.3%) and decreased only prices of ‘durable consumer goods’ (-0.4%), y-o-y.
According to an estimate, construction work prices rose by 1.2% (like in January) and construction material input prices grew by 1.6% (+0.6% in January).
Prices of market services in the business sphere grew by 0.6% (+0.4% in January). Increasing were prices in ‘postal and courier services’ (+8.4%), ‘insurance, reinsurance and pension funding services, except compulsory social security’ (+4.8%) and ‘advertising and market research services’ (+1.4%). Decreasing were prices in ‘architectural and engineering services’ (-1.2%) and ‘legal and accounting services’ (-0.2%). Market services prices excluding advertising services increased by 0.7% (+0.3% in January).
Industrial producer prices in the EU – January 2017*
According to the Eurostat News Releases, industrial producer prices increased in January by 0.8% (+0.9% in December 2016) in EU28, month-on-month. Prices rose in all Member States, the most in Malta (+2.3%). Prices went up in Slovakia (+1.5%), the Czech Republic, Germany and Poland (+0.7% all) and Austria (+0.5%).
Industrial producer prices were higher in January by 4.3% (+2.4% in December 2016) in EU28, year-on-year. The largest increase in prices was recorded in Belgium (+13.3%). Prices rose in Poland (+6.0%), Germany (+2.3%), the Czech Republic (+2.1%), Austria (+2.0%) and Slovakia (+1.0%). Prices decreased the most in Luxembourg (-3.1%).
* Preliminary data
Notes:
Responsible manager of the CZSO: Jiri Mrazek, Department Director, phone (+420) 274 052 533, e-mail: jiri.mrazek@czso.cz
Contact: Jiri Sulc, phone (+420) 274 052 148, e-mail: jiri.sulc@czso.cz
Miloslav Beranek, phone (+420) 274 052 665, e-mail: miloslav.beranek@czso.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. Estimates of the construction work price indices are carrying out on the 9th calendar day of the following day. 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: 011041 - 17 Price Indices of Constructions Works, Price Indices of Constructions and Indices of Construction Costs
011044 - 17 Industrial Producer Price Indices
011045 - 17 Agricultural Producer Price Indices
011046 - 17 Market Services Price Indices in the Business Sphere
Internet: https://www.czso.cz/csu/czso/producer-prices-publications
Next News Release: 20 April 2017
Text not edited for language.
Attachments
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Annexes:
- year 2024 | March 2024 | February 2024 | January 2024
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- year 2017 | December 2017 | November 2017 | October 2017 | September 2017 | August 2017 | July 2017 | June 2017 | May 2017 | April 2017 | March 2017 | February 2017 | January 2017
- year 2016 | December 2016 | November 2016 | October 2016 | September 2016 | August 2016 | July 2016 | June 2016 | May 2016 | April 2016 | March 2016 | February 2016 | January 2016
- year 2015 | December 2015 | November 2015 | October 2015 | September 2015 | August 2015 | July 2015 | June 2015 | May 2015 | April 2015 | March 2015 | February 2015 | January 2015
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Published: 16.03.2017
The data are valid as of the release date of the publication.
Contact: Information Services Unit - Headquarters, tel.: +420 274 056 789, email: infoservis@czso.cz