Producer price indices - April 2011

In April 2011, compared with the previous month, agricultural and industrial producer prices grew by 0.8% both. Prices of market services increased by 1.2%. Construction work prices stayed unchanged.
In comparison to April 2010, agricultural and industrial producer prices were higher by 31.8% and 6.4%, respectively. Prices of market services were 1.1% up. Construction work prices decreased by 0.4%.

* * *

Monthly changes

Agricultural producer prices increased by 0.8% in total. Prices of crop products grew by 0.4%. Higher were prices of cereals (+0.9%), potatoes (+2.7%) and fruit (+8.2%). Prices of plant oils (-1.9%) and vegetables (-5.9%) fell. Prices of animal products increased by 1.4%, higher were prices of pigs for slaughter (+3.4%), eggs (+2.6%), poultry (+1.3%) and milk (+0.7%). In contrast, prices of cattle for slaughter decreased by 0.6%.

Prices of industrial producers increased by 0.8% (+1.0% in March). Prices went up the more significantly in ‘coke, refined petroleum products’ (+4.5%), ‘food products, beverages, tobacco’ (+1.5%) and ‘basic metals, fabricated metal products’ (+1.3%). Prices went down in ‘chemicals and chemical products’ (-1.9%).

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

Market services prices in the business sphere grew by 1.2%, affected by a 11.5% growth of prices in advertising and market research services (+20.0% in TV and radio advertising services) and postal and courier services (+0.5%). Prices of architectural and engineering services and technical consultancy services, real service services and financial services, except insurance and pension funding decreased by 0.4%, 0.3% and 0.2%, respectively. Market services prices in total excluding advertising services decreased by 0.1%.

Annual changes

Agricultural producer prices were 31.8% up (+31.0% in March). This is the highest increase in history. Prices of crop products grew by 57.2%. Considerable increases were registered for prices of potatoes (+119.6%), cereals (+83.0%), plant oils (+56.0%) and fruit (+45.8%). Prices of animal products grew (+7.1%), due to higher price of milk (+15.1%). On the increase were prices of poultry (+9.2%) and cattle for slaughter (+2.8%). After two years prices of pigs for slaughter (+1.9%) increased. Prices of eggs were down (-26.3%). The considerable y-o-y growth was influenced particularly by lower comparative basis from the year of 2010.

Industrial producer prices gained 6.4% (+6.3% in March), which is the most since March 2005. Price level was markedly influenced by the price increase in ‘coke, refined petroleum products’ (+26.5%), ‘basic metals, fabricated metal products’ (+13.2%) and ‘food products, beverages, tobacco’ (+8.1%). Price went down in ‘Computer, electronic and optical products’ (-2.8%) and ‘transport equipment’ (-2.7%).
Among the main industrial groupings, prices of ‘energy’ increased the most (+10.0%), the decrease was recorded only in ‘capital goods’ (-0.2%).

According to an estimate, construction work prices were 0.4% down (the same as in March). Construction material input prices were 3.8% up (+3.9% in March).

Market services prices in the business sphere were 1.1% up (+0.5% in March). Increasing were especially prices in advertising and market research services (+7.0%). On the increase were prices of postal and courier services (+3.6%), freight transport (+2.3%) and financial services, except insurance and pension funding (+2.0%). Lower prices were recorded in rental and leasing services (-6.0%), insurance services (-2.4%) and telecommunication services (-0.8%). Market services prices excluding advertising services increased by 0.3% in total (the same as in March).

Industrial producer prices in the EU – March 2011*

According to the Eurostat News Release, industrial producer prices in the EU27 increased by 1.0% in March (+0.8% in February), month-on-month. Among the Member States for which data are available, the highest increases were recorded in the United Kingdom (+3.0%), Denmark (+2.1%), Greece and Poland (+1.5% both). Prices rose in the Czech Republic (+1.0%), Germany and Slovakia (+0.4% both). For Austria, data are not available for March. There was none m-o-m decrease in the states of EU27.

EU27 producer prices rose by 7.4% in March (+7.1% in February), year-on-year. The largest increases were observed in Bulgaria (+12.1%), the Netherlands (+10.8%) and the United Kingdom (+10.7%). Prices rose in Poland (+9.6%), the Czech Republic (+6.3%), Germany (+6.1%) and Slovakia (+3.3%). For Austria, data are not available for March. There was none y-o-y price decrease in the states of EU27.

* Preliminary data

Notes:
Responsible manager of the CZSO: Jiri Mrazek, Department Director
Contact: Miloslav Beranek, phone (+420) 274 052 665, e-mail: miloslav.beranek@czso.cz
Hana Sykorova, phone (+420) 274 054 101, e-mail: hana.sykorova@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: 7th calendar day of the following month / 9th calendar 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:
7001-11 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
Internet:
/csu/czso/ep-7-opendocument
/csu/czso/catalogue-of-products
Next News Release: 15 June 2011
Text not edited for language.

Attachments

⇩ aipc051611.doc
Annexes:
⇩ Table 1 Producer prices (indices)
⇩ Table 2 Industrial producer prices (main industrial groupings, indices)
⇩ Table 3 Industrial producer prices (decomposition of increases – month-on-month, year-on-year)
⇩ Graph 1 Industrial producer prices (year-on-year changes, changes on base year)
⇩ Graph 2 Construction work prices (year-on-year changes, changes on base year)
⇩ Graph 3 Prices of market services for the business sphere (year-on-year changes, changes on base year)
⇩ Graph 4 Agricultural producer prices (year-on-year changes, changes on base year)
⇩ Graph 5 Industrial producer price indices – international comparison (changes on base year)