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Development of prices in production area in June 2022
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Development of prices in production area in June 2022

Last update: 01.08.2022
Ilustratívny obrázok/Illustrative image
Publisher: Headquarters Bratislava
Topic: Macroeconomic statistics
Domain: Consumer prices and prices of production statistics
Publish Date: 27.07.2022

The growth of prices in the production area has not slowed down significantly, prices are constantly high in the majority of industrial sectors

Producer prices in industrial production and prices of animal products rose the most year-on-year this year. The development of prices in the entire production sphere in the first half of the year does not yet indicate yet any decrease.

The industrial domestic producer prices were higher by 43.2% year-on-year in June 2022. Prices in the supply of electricity and gas were higher than a year ago by 79.1% and in mining and quarrying by 32.3%. In industrial production itself, which covers several key production sectors, prices rose by 23.4% year-on-year.

Prices in the three sectors with the strongest growth in terms of weight rose as follows: in manufacture of transport equipment by 6.9%, in manufacture of basic metals and fabricated metal products by 29.6% and in manufacture of rubber and plastic by 12.9%. The highest price growth was recorded in manufacture of petroleum products by 102.6% and in the chemical industry by 55.4%.

The industrial domestic producer prices rose by 1.7% month-on-month.

In summary, since the beginning of the year, prices in this sector have increased by 38.8% year-on-year. Prices for the supply of electricity and gas increased the most by 76%.

Industrial non-domestic producer prices increased by 24% year-on-year. Energy prices were higher, but especially prices of electricity and gas supply by 158.9% and water supply and waste management by 128.5%.

In a month-on-month comparison, industrial non-domestic producer prices increased by 0.8%. Prices for electricity and gas supplies rose by 10.7%. Water and waste supply prices dropped by 0.9% and industrial production by 0.1%. Mining and quarrying prices remained unchanged.

In the six months of 2022, industrial producer prices for export were higher by 22.6% than a year ago. The prices for water supplies and waste disposal rose most dynamically by 151% and electricity and gas supplies by 135.6%.

Prices of agricultural products

In June, prices of agricultural products rose by 28.8% year-on-year. Prices of crop products were by 38.1% higher than in the same period last year, prices of animal products increased by 21.2%.

Among plant products, cereal prices increased by 67.3%. Of the animal products, the prices of slaughter poultry rose by 44.5% and the prices of raw cow's milk by 23.9%.

Since the beginnin of the year, prices of agricultural products have risen by an average of 24.8% due to higher prices of vegetable products by 39.3% and higher prices of animal products by 13.2%.

Prices of construction materials

Prices of construction work increased by 16.9% year-on-year, compared to May 2022 they remained unchanged. In summary, in the first six months of 2022, a rise in prices of construction work reached 18.2%.

Prices of construction materials increased by 28.8% year-on-year, compared to May 2022 they were lower by 0.1%. In summary, a year-on-year growth reached 28% since the beginning of the year.

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