Producer price indices - February 2010

In February 2010, agricultural and industrial producer prices decreased both by 0.3%. Construction work and market services prices increased both by 0.1%.
In comparison to February 2009, agricultural and industrial producer prices and market services prices were lower by 5.6%, 2.0% and 1.0%, respectively. Construction work prices increased by 0.3%.

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Monthly changes

Agricultural producer prices decreased by 0.3% in total. Prices of crop products fell by 1.6% especially due to lower prices of hops (-43%). Higher were prices of potatoes (+2.0%), cereals (+2.8%), oil plants (+4.8%) and vegetables (+18.8%). Prices of animal products increased by 1.0%, prices of milk by 3.1%, eggs by 5.1% and cattle for slaughter by 0.7%). In contrast, prices of pigs for slaughter dropped by 2.4%.

Industrial producer prices decreased by 0.3% (+0.5% in January). The most marked price drop was registered in ‘food products, beverages and tobacco’ (-1.1%), ‘basic metals, fabricated metal products’ (-1.2%) and ‘rubber and plastic products’ (-0.6%). Prices went up particularly in ‘coke, refined petroleum products’ (+1.2%), ‘chemicals and chemical products’ and ‘electrical equipment’ (+0.8% both).

Construction work prices rose by 0.1%, construction material input prices fell by 0.1%.

Market services prices in the business sphere grew by 0.1%, affected by price increase in advertising and market research services (+3.0%) and employment services (+2.1%). Prices in insurance, real estate services and services to buildings and landscape fell identically by 0.7%. On the decrease were prices in architectural and engineering services (-1.0%). Market services prices excluding advertising services fell in total by 0.3%.

Annual changes

Agricultural producer prices were down by 5.6% (-6.3% in January). Prices of crop products fell by 11.1%, mainly due to price decreases in oil plants (-10.6%), cereals (-11.7%), potatoes (-12.7%) and hops (-31.4%). In contrast, higher were prices of fruit (+5.4%) and vegetables (+33.1%). For the first time since September 2008, animal products prices increased (+0.5%). Increases were registered for prices of eggs (+10.6%) and milk (+6.3%). On the decrease were prices of cattle for slaughter (-2.1%), poultry (-2.8%) and pigs for slaughter (-8.6%).

Industrial producer prices went down by 2.0% (-1.5% in January). The most marked influence on the fall of the total index had a price decrease in ‘basic metals, fabricated metal products’ (-13.3%), ‘food products, beverages and tobacco’ (-3.8%) and ‘transport equipment’ (-7.7%). Prices went up primarily in ‘coke, refined petroleum products’ (+27.8%) and ‘chemicals and chemical products’ (+17.5%).
Among the main industrial groupings the biggest decrease was reported for prices of ‘capital goods’ (-4.6%); the largest increase was recorded in ‘energy’ (+4.0%).

Construction work prices were up by 0.3% (like in January). Construction material input prices were down by 3.1% (-2.9% in January).

Market services prices in the business sphere in total were down by 1.0%. Decreasing were prices in advertising and market research services (-7.7%), real estate services (-2.8%), insurance (-1.5%), freight transport (-2.6%) and architectural and engineering services (-1.3%). In contrast, higher prices were recorded in employment services (+12.6%) and computer programming, consultancy (+2.9%). Market services prices excluding advertising services decreased by 0.3%.

Industrial producer prices in the EU – January 2010*

According to the Eurostat News Release, industrial producer prices in EU27, increased by 0.9% (+0.1% in December 2009) month-on-month. Among Member States for which data are available, the highest increases in the total index were recorded in Malta (+17.2%), Denmark (+3.9%), Finland and Sweden (+1.9% both). Prices in Germany rose by 0.8%. Decreases were observed only in Slovakia (-1.7%), Latvia (-0.5%), the Netherlands (-0.3%) and Ireland (-0.2%).

Producer prices in EU27 rose by 0.1% in January (-1.5% in December 2009), year-on-year. The highest increases were observed in Denmark (+7.6%), the United Kingdom (+4.7%) and Romania (+3.7%). The biggest drops were observed in Latvia (-9.8%), Lithuania (-5.6%), Slovakia (-5.5%) and Germany (-3.4%).

* Preliminary data

Notes
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
Source of data: CZSO survey
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 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: 7001-10 Price Indices of Construction Work, Types of Constructions and Construction Production Costs
7003-10 Producer Price Indices – Basic Information
7004-10 Industrial Producer Price Indices
7005-10 Agricultural Producer Price Indices
7008-10 Market Services Price Indices in the Business Sphere
( http://www.czso.cz/csu/2010edicniplan.nsf/engs/2010-7

Attachments

⇩ aipc031510.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)