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Price indices in production area in December 2023
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Price indices in production area in December 2023

Last update: 26.01.2024
Ilustračný obrázok
Publisher: Statistical Office of the SR
Topic: Macroeconomic statistics
Domain: Consumer prices and prices of production statistics
Publish Date: 26.01.2024

Industrial producer prices for the domestic market increased for the second consecutive month due to higher energy production prices

The year-on-year growth of industrial producer prices for the domestic market increased by a tenth, mainly due to rising energy prices by 30%. The decrease in prices of agricultural products continued, supported not only by the impact of one-third lower crop production prices, but also by lower prices of animal production the second month year-on-year.

Industrial producer prices for the domestic market were higher by 9.6% year-on-year in December 2023, and declined by 0.6% month-on-month. Among the 16 monitored sectors of the industry, prices rose year-on-year in 7. They most significantly rose year-on-year in energy by 30.3%. Gradual increases in prices were also recorded in water supply, in December their growth exceeded the double-digit value of 10% for the third time. In manufacture of rubber and plastic products, prices grew by 7.1%, in other production by 9.2%. On the contrary, prices decreased for the first time in the strongest manufacture of transport equipment by 0.8%, and the second month prices in manufacture of food, beverages and tobacco were also lower by a tenth in December. In total, for the twelve months of 2023, industrial producer prices for the domestic market increased by 13.9%.

Industrial producer prices for the non-domestic market decreased year-on-year by 1%, and fell month-on-month by 0.5%. In total for the twelve months of 2023, industrial producer prices for the non-domestic market were higher than a year ago by 3.4%.

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Producer prices of agricultural products

In December, prices of agricultural products decreased year-on-year by 23.9%. Prices of crop products declined by 33.4%, and prices of animal products also dropped by 3.1% in the second month. As for the crop products, prices of cereals decreased by 44.4% and prices of oilseeds and fruits by 33%. On the contrary, prices of vegetables, fruits, nuts and spices were higher by 34.2% and prices of potatoes by 25.5%. As for the animal products, mainly prices of cow milk fell by 12.4%, on the contrary, prices of pigs slaughtered remained higher by 19%. Since the beginning of the year, prices of agricultural products declined by an average of 11.4%, which were the result of lower prices of crop products by 23.3% and higher prices of animal products by 15.1%.

Producer prices in construction

Prices of construction works were higher by 7.5% year-on-year in December, compared to November they increased by 1.1%. In total for the twelve months of 2023, prices of construction works increased year-on-year by 11.5%.

The year-on-year decrease in prices of construction materials was 0.7% in December, continuing for the fourth consecutive month. Compared to November 2023, prices increased by 0.7%. In total since the beginning of the year, prices of construction materials rose year-on-year by 3.4%.


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