Skip to main content link using access key S.
Statistical Office SR
PortalMenuPortlet
PortalSubmenuPortlet
Consumer prices and prices of production statistics

Consumer prices and prices of production statistics

30.09.2019 |

Consumer Prices Indices (Inflation)

Prices of dwellings

Producer Prices

 

Methodical Notes - HICP

Harmonized Indices of Consumer Prices

Harmonised Indices of Consumer Prices (HICPs) have been set up with an aim to ensure a comparability of consumer price indices of individual countries within the European Union. For this purpose, Council Regulation (EC) No 2494/95 was adopted in 1995 related to the introduction of harmonised indices of consumer prices compilation at the level of EU Member States beginning in 1997. Considering that the methodology of compilation of harmonised indices of consumer prices is still getting through development, until now another 15 regulations have been adopted at the level of Council (EC), or rather Commission (EC). Till now, the last regulations are 3 regulations adopted in the years 2005, 2006 and 2007.

Commission Regulation (EC) No 1708/2005 of 19 October 2005 laying down detailed rules for the implementation of Regulation (EC) No 2494/95 as regards to the common index reference period of the harmonised index of consumer prices. According to this Regulation, the common index reference period for HICPs is changed from 1996=100 to 2005=100.

Council Regulation (EC) No 701/2006 of 25 April 2006 laying down detailed rules for the implementation of Regulation (EC) No 2494/95 as regards to the temporal coverage of price collection in the harmonised index of consumer prices.

Commission Regulation (EC) No 1334/2007 of 14 November 2007 amending Regulation (EC) No 1749/96 on initial implementing measures for Council Regulation (EC) No 2494/95 concerning harmonised indices of consumer prices.

In June 1988, the European Council confirmed the objective of the progressive realisation of Economic and Monetary Union (EMU). It was decided that the Economic and Monetary Union should be achieved in three discrete but evolutionary steps (stage one, stage two and stage three of EMU). All member states of the European Union participate in the EMU. Those from the member states of the European Union that have entered stage three of EMU adopted the euro as their currency. The Treaty on European Union (Maastricht treaty) has determined a timetable for 3rd stage of European EMU at the latest from 1st January 1999. For entering countries, one of the convergence criteria was having an annual average inflation rate, which does not exceed 1.5 percentage points of inflation rate of the three most powerful EU Member States under price stability conditions. According to the Criteria Convergence Protocol - "inflation shall be measured by index of consumer prices on the comparable basis taking into account differences in the national definitions". Harmonised Indices of Consumer Prices (HICPs) shall provide such measures of inflation of EU Member States. The harmonised index of consumer prices (HICP) is one of the indicators for assessment of price stability of the state. Annual average inflation rates measured by HICP still remain one of the convergence Maastricht criteria for achieving stage three of EMU.

HICPs of those Member States, which are included in stage three of the EMU and adopted the euro as their currency form a basis for monthly compilation of Monetary Union Index of Consumer Prices (MUICP). HICPs of all member states are the basis for the calculation of European Index of Consumer Prices (EICP).

MUICP (Monetary Union Index of Consumer Prices) was calculated as a weighted average of HICPs of the 11 states of the euro area up to the end of 2000. Beginning with January 2001 the number of the euro area countries increased to 12 (Greece added). In January 2007, the euro area was extended by Slovenia. Starting with January 2008 Malta and Cyprus are included in euro area. In the year 2008 the "euro-area" encompasses 15 of 27 EU Member States: Belgium, Germany, Spain, France, Ireland, Italy, Luxembourg, Holland, Austria, Portugal, Finland, Greece, Slovenia, Malta and Cyprus. MUICP is computed as an annual chain index allowing change of country weights each year.

EICP (European Index of Consumer Prices) is the annual chain index allowing for country weights to change each year. Beginning with January 2007, with the entry of Bulgaria and Romania into EU, the basis for compilation of EICP are 27 harmonised indices of consumer prices of EU Member States. Up to 1998, the EICP was calculated as the weighted average of HICPs of the 15 EU Member States. Beginning with 1999, the EICP is calculated as the annual chain index for the "euro- area" and other member states not included in the third stage of EMU. EEAICP (European Economic Area Index of Consumer Prices) additionally include harmonised indices of Iceland and Norway, which are not EU Member States.

Note: HICP is one of the "Special topics" in the Eurostat home page.

- Up -

 

Methodical Notes - CPI

Consumer Price Indices

Since January 2019, after comprehensive revision of consumer price indices, the development of consumer price indices has been surveying on an universal consumer basket established on the set of 728 representatives - selected goods and services paid by the population. A new, revised consumer basket was discussed and consented by the representatives of the statistical bodies, ministries, trade unions and others.

Consumer price index of goods and services for all households characterises price development on a generally averaged level. Consumer price indices are also calculated for selected types of social groups of households - employees, pensioners and for households with low money incomes.

The coverage of representatives in the consumer price indices for all households as well as for individual social groups of households is the same, the only difference is in their weights.

Starting with January 2005 we introduced the compilation of consumer price indices (based on December 2000) by chaining using December of a previous year as a linking period. Weights for the elementary aggregates have to be annually revised to ensure that they reflect current expenditure patterns and consumer behaviour. The important feature of a chain index formula is that it allows weights to be annually updated and facilitates the introduction of new items and sub-indices and the removal of obsolete ones.

In order to be able to link the old and the new series, an overlapping (link) period k is needed in which the index has to be calculated using both the old and the new set of weights. The link period may be a month or a year. SO SR stated as a link period December of a previous year, i.e. December 2018 is a link period for the compilation of indices in the year 2019. December 2018 is a last period, for which the index is calculated using the previous consumer basket and system of weights and at the same time is the price reference period for an updated consumer basket. Thus December of a previous year is a link period between the new and the old index and these indices create (compile) a chain index.

A chain index may have two or more links. Between each link period, the index may be calculated as a fixed weight index. The disadvantage of a chain index is that chaining leads to non-additivity. When the new series is chained onto the old, the higher-level indices after the link cannot be obtained as weighted arithmetic averages of individual indices using the new weights.

Selection of representatives

Goods and services with the important share in expenditures of the population, representing the whole sphere of consumption, were selected as price representatives.

Breakdowns of indices were designed in harmony with methodology of Eurostat; universal consumer basket is divided into 12 divisions of COICOP classification (Classification of Individual Consumption by Purpose). Number of price representatives in the universal consumer basket of consumer price indices since January 2019 is as follows:

COICOP division Title of COICOP division Constant weight in per mille Number of representative items
         Consumer price index - total 1000,000 728
              of which:                        
01 Food and non-alcoholic beverages 172,256 143
02 Alcoholic beverages and tobacco 51,476 12
03 Clothing and footwear 44,309 86
04 Housing, water, electricity, gas and other fuels 258,121 48
05 Furnishings, household equipment and routine maintenance of the house 67,497 88
06 Health 26,771 37
07 Transport 86,405 83
08 Communnications 33,286 21
09 Recreation and culture 88,629 84
10 Education 17,022 8
11 Hotels, cafés and restaurants 69,646 44
12 Miscellaneous goods and services 84,580 74

 

Method of collecting data on consumer prices

Consumer prices of individual representatives are collected at the whole territory of Slovak republic in selected network of shops and service businesses where inhabitants usually do their shopping. Prices are collected during initial 20 days of a reference month.

Weighting system

Weights of individual representatives were computed on the basis of data from statistics on family budget in 2015, of other data from national account statistics in 2017 and data obtained from various administrative sources. These data were used for determination of accurate consumption structure of inhabitants.

Method of calculating indices

Consumer price indices are Laspeyres type indices:

lasp vozrec / laps formula

  • p1- price of goods (service) in current period
  • p0 - price of goods (service) in base period
  • q0 - sold (realised) quantity of goods (service) in base period
  • Ilustratívny obrázok/Illustrative image

The calculation of a chain index

Assume that a series of fixed-weight indices have been calculated with period 0 as the price reference period and that in a subsequent period k, a new set of weights has to be introduced in the index. The new set of weights may, or may not, have been price- updated from the new weight reference period-to-period k. A chain index is then calculated as:

vzorec / formula

  • o - index reference period
  • k - overlaping (link) period
  • t - current period

Structure and base period of indices

Indices are published by 12 divisions and 44 groups of COICOP classification, within the framework of which individual d ivisions contain:

  • 01 Food an non-alcoholic beverages - includes all sorts of food products and non-alcoholic beverages
  • 02 Alcoholic beverages and tobacco - includes alcoholic beverages and tobacco products
  • 03 Clothing and footwear - includes clothing materials, all sorts of textile goods, garments and footwear for men, women and children, including repairs, custom-made production and cleaning of these articles
  • 04 Housing, water, electricity, gas and other fuels - includes rents, payments for using co-operative flats, goods and services for regular maintenance and repair of dwellings, water supply and salvage, all kinds of energy (electricity, gas, heating, solid fuels)
  • 05 Furnishings, household equipment and routine maintenance of the house - includes furniture and furnishings, carpets, floor coverings, household textiles, household appliances, tableware, glassware, household utensils, repairs of household appliances and goods and services for routine household maintenance
  • 06 Health - includes medical and pharmaceutical products, therapeutic appliances and equipment, services of physicians, dentistry, hospital services and other non-hospital services
  • 07 Transport - includes personal transport equipment including repairs and spare parts, fuels, lubricants and public transport (by railway, road, air)
  • 08 Communications - includes postal services, telephone and telefax equipment, telephone and telefax services
  • 09 Recreation and culture - includes equipment for the reception, recording and reproduction of sound and pictures, photographic and cinematography equipment, data processing equipment, repair of equipment and accessories for recreation and culture, toys, equipment for sport, gardening, recreational and cultural services, package holidays, books, text-books, newspapers and periodicals, stationery and drawing materials
  • 10 Education - includes education including charges in school of arts, language schools and courses
  • 11 Hotels, cafés and restaurants - includes meals and drinks in restaurants, catering services of work canteens, office canteens and canteens in schools, universities and other educational establishments, accommodation services in hotels, boarding houses and hostels
  • 12 Miscellaneous goods and services - includes products, appliances and services of personal care, personal effects, jewellery, clocks, watches, social welfare, insurance, various financial services and other services n.e.c. (fees for legal services, funeral services, advertisements and others)

Base period of indices is December 2000 = 100.

For users the publication contains indices with the following base periods:

  • - December 2000 = 100
  • - December 2017 = 100
  • - December 2018 = 100
  • - previous period = 100
  • - the same period of previous year = 100

In publication "Consumer price indices in the Slovak Republic" - in the table "Average consumer prices of the selected goods and services" the average prices are given for the selection from 728 representative items of consumer basket.

Starting with February 1999 National Accounts and Prices Section of SO SR has published seasonally adjusted consumer price index for food- stuffs.

Since January 2000 the publication "Consumer Price Indices in the Slovak Republic" is enlarged by "Development of core and net inflation".

- Up -

 

Methodical Notes - Core and Net Inflation

Core and Net Inflation

Core inflation quantifies growth rate of price level on incomplete consumer basket. From the consumer basket there are excluded those items with regulated prices and items with prices influenced by other administrative measurements. The items which will be changed due to tax amendments (e.g. change of VAT, precise taxes, subsidies) stay a part of consumer basket, but influence of tax amendments is eliminated. Core inflation is quantified in two ways:

  • - as contribution of amended basket (in percentual points) to total inflation rate, amended changes of tax burdening of individual items of consumer basket.
  • - as growth of amended consumer basket prices (in percentage), amended changes of tax burdening of individual items of consumer basket.

Though, total inflation is divided into core inflation (influence of items with market prices), influence of items with regulated prices and influence of indirect taxes (elimination of tax amendments).

Contribution of core inflation represents the information by how much percentage should the price level be changed, if there is no price change due to administrative interference. It means that if there are no changes of administrative prices, contribution of core inflation is equal with total inflation.

Contribution of core inflation (in percentual points) to total inflation is further divided into contribution of net inflation and contribution of foodstuff prices. Reason for putting aside share of foodstuffs from net inflation was the fact that foodstuff prices in the past were determined by considerable seasonality as well as non-market measurements (e.g. changes of guaranteed prices for the first producers, subsidies, import taxes, quotas).

List of items with which there is adjusted consumer basket for calculation of core and net inflation

A. Items excluded from calculation of core and net inflation,/strong>

1. Items with maximal prices

  • a) approved by Transport Authority of the SR
    • passenger railway transport
  • b) approved by Regulatory Office for network industries of the SR
    • water and waste water treatment
    • electricity
    • natural gas for households
    • heat energy for households
  • c) approved by Regulatory Authority for Electronic Communications and Postal Services
    • post office services
    • telephone and telegraph services
  • d) approved by regional self-government and municipal self-government
    • passenger bus transport
    • city mass transport
    • services connected with housing (cleaning and controlling chimney, sanitary services, etc.)
    • social care services
  • e) approved by Ministry of Construction and Regional Development of the SR
    • net rent in rented dwellings
  • f) approved by Ministry of Health of the SR
    • selected items of medicines and services in health care
  • g) approved by Ministry of Education of the SR
    • school and kindergarten boarding

2. Fees

  • - fees for radio and television
  • - fees for kindergarten and school education
  • - fees for verification of signature in certificates, passport issuing, extracts from criminal record
  • - and other fees for legal acts
  • - fee for dog

B. Items in which there are eliminated price impacts resulting from tax amendments, but which are not excluded from consumer basket

  • - VAT
  • - excise taxes

Principles of calculation of core and net inflation

  • 1. From the consumer basket there are excluded those items with regulated prices stated under the point A. List of these items will be up- dated annually, always in January of given year according to the Price Bulletins of the Regulatory Offices SR and declarations in Digest of Laws. The list of excluded items will be valid throughout the whole year regardless possible price liberalisation, which might happen during the year.
  • 2. The items which price will be changed due to tax amendments, these are the items stated under the point B, remain a part of consumer basket, but influence of tax amendments is eliminated. Elimination of price changes will take place in that time period, when tax amendments will become valid. The list of items, whose price change will be eliminated, will be updated continuously according to Laws of the NR SR declaration in Digest of Laws.
  • 3. The items which stay in the consumer basket for calculation of core and net inflation are assigned the same weights as in total consumer basket.

FORMULA FOR CALCULATION OF CORE INFLATION

Ilustratívny obrázok/Illustrative image

 

Ilustratívny obrázok/Illustrative image

 

- Up -

 

Methodology on calculation of indices of dwellings´ realization prices

Indices of dwellings´ realization prices are calculated on the basis of prices obtained from the database of National Association of Real Estate Agencies in Slovakia (NARKS). The database contains beside other information data on dwellings´ realisation prices, which are obtained from actually realised transactions via real estate agencies grouped in NARKS. Average realisation prices in particular districts are obtained from the database calculated for m2, structured in accordance with specified characteristics of dwellings (family house, flat, age of real estate, number of rooms). Extreme prices are excluded from calculation of average price.

Indices of dwellings´ realization prices are calculated quarterly in breakdown by new and existing dwellings. New dwellings are understood as the ones not older than 3 years. Calculation is carried out according to formulae of Laspeyres type taking as a basis the fourth quarter of the previous year = 100, while calculated indices are subsequently linked through the index for the fourth quarter of the previous year to the base average of the year 2010 = 100.

Weights scheme for calculation of price indices is derived from expenditures for purchase of dwellings in the previous year, while base for calculation of weights is an average price of observed type of dwellings in a particular district and a corresponding number of realized transactions for a particular dwelling. Weights scheme is actualized annually, while the base of actualization is expenditure for the period t -1. The weights are not price-updated.

- Up -

 

Methodical Notes - Producer Prices

Price of producer is the negotiable price that is agreed between producers and customers inland without VAT (without costs on transport to customers and costs connected with transport) that is invoiced for more significant commercial cases conducted in the middle of relevant month.

Price indexes are created as selective indexes of constant composition (a change effect of structure on price index level is excluded). Total indexes are calculated by aggregation of individual simple price indexes of representatives through suitable systems of basic year weights. Index figures (systems of weights, representatives, and respondents) are re-evaluated and accommodated to relevant structures in regular five-year intervals.

Index of agricultural products prices contains information on prices development for 85 main vegetal and animal agricultural products. The prices are surveyed directly at selected agricultural producers, without VAT. Producers during sale set these prices, including interventionist purchases.

The system of constant weights, which is derived from the average structure of agricultural production purchase from the year 2009 to 2011, is used at aggregate calculation. The prices of constituent months in the year 2010 are the basis for the calculation of the price index.

Prices index figure of construction works contains about 579 representatives (selected items of construction works). Weights were derived from the structure of construction production in the year 2010. The price basis there is the average of 2010.

The construction materials and components price indices (producer prices) includes 55 different branches of material and components used in the construction industry. The weights for the calculations of indices are derived from the relative ratio of a representative value in the entire construction industry in 2005. The base of the indices is the average of 2005.

- Up -

 

Methodical Notes - Industrial producer price indices

A comprehensive revision of Industrial Producers Price Indices (IPPI) was undertaken in 2011, in the framework of which the weighting system, sampling of price representatives and domestic reporting units (respondents) were revised. In order to be in correspondence with the European statistics, a new model of price indices of industrial products for export was constructed by way of analogy to model of price indices at domestic market. Weights applied to individual models were chosen, based on turnovers in domestic industrial production, or turnovers in industrial products for export in 2010. At the same time, the reference period was moved to December 2010 (before it was December 2005).

Based on the published time series of industrial producers price indices, both domestic and export-oriented, the weighting scheme has been constructed to calculate the composite industrial producers price indices.

In compliance with the Commission Regulation No. 656/2007, IPPI are published according to the NACE Rev. 2 classification, broken down into divisions (05 up to 39), and into the main industrial groupings (MIG), separately for domestic and export markets.

Within the harmonized system EU, IPPI has been published as the main indicator, according to the NACE Rev. 2 classification since 2009.

Structural and organizational changes in the economy, technological and technical progress has resulted in the emergence of new economic activities, which come to replace the current activities and products. Such changes often call for a modification of applied classifications of economic activities. European and international classification systems underwent a major change in the period 2000 - 2007. This revision applied to all international classifications of economic activities (NACE, CPA, PRODCOM). On April 23, 2008, the European Parliament and the European Council issued a new Regulation No. 451/2008, which introduces a new statistical classification of products according to activities (CPA 2008). The Decree of the Statistical Office of the Slovak Republic (published on June 18, 2007) introduced the NACE Rev. 2 (OKEČ), which is also applied to IPPI from January 1, 2009 onwards.

The respective weights for IPPI were established, based on structure of turnovers in industry of the SR in 2010, and "One-off survey aimed at sampling the representatives of the price level for industrial producers" (applied to products, classified according to the NACE Rev. 2, and broken down to divisions 05 up to 39).

IPPI does not include extraction and processing of uranium and thorium ores, publishing, production of nuclear fuels, production of weapons and munitions, production of aircrafts and spaceships, industrial services.

IPPI is constructed based on simple price indices for individual representatives, weighted against a relative share of a relevant representative in the total turnovers in industry in 2010 (unchanged structure), following Laspeyres formula.

lasp vozrec / laps formula

  • where: p1 - price in a current period
  • p0 - price in a base period
  • q0 - production (sale, output) in a base period

The present publication contains price indices for groups, which are aggregated into divisions, subsections, sections and industry total according to the NACE Rev. 2 Industry total refers to the aggregation of sections B, C, D and E. IPPI of the year 2011 is adjusted by coefficients to revised scheme conditions.

IPPI time series of basical indices (December 2010 = 100, or average 2010 = 100) will be recalculated from year 2000 till year 2010 by new classification NACE Rev.2 in September 2012. Recalculated time series (domestic, non- domestic and total) will be published at Statistical office SR´s website.

There are not published in the tables all surveyed divisions of NACE Rev.2

Legend:

  • Full stop (.) instead of a number, means that the data is not available
  • Upper-case (D) data cannot be realeased for individual protection reasons

- Up -

 

Methodical Notes - Price indices of construction works, materials and components used in construction industry

In 2012 was prepared a new statistical model for the calculation of price indices of construction work, materials and products used in construction. The revised index scheme includes about 579 representatives - selected types of construction work. Collected prices of the selected representatives include all materials, complete costs of building of the structure (object) and profit. For the purpose of the collection of prices of the representatives in enterprises with construction as prevailing activity were prepared questionnaire (Prices Constr 10-04). This questionnaire is completed quarterly by 220 responders in Slovakia. The reporting network covers the subjects selected by kind and value of construction output and by territorial aspect regardless of their legal form. Reporting on prices follows the methodology explained in the notes in questionnaire.

A new weighting system was calculated on the basis of the structure of construction output in SR and a detailed special statistical survey on construction output in 2010. The weighting schema allows to aggregate price indices into types, divisions, groups and categories according to Classification of types of Construction (CC) Within the harmonized system EU, indexis has been published according to the CPA 2008 classification since 2009. Price base is the average of 2010.

European and international classification systems underwent a major change in the period 2000 – 2007. This revision applied to all international classifications of economic activities (NACE, CPA, ...). On April 23, 2008, the European Pairlament and the European Council issued a new Regulation No. 451/2008, which introduces a new statistical classification of products according to activities (CPA 2008). The Decree of the Statistical Office of the Slovak Republic (published on June 18, 2007) introduced the SK NACE Rev. 2, which is also applied to publications from January 1, 2009 onwards.

The values of the published indices also include the prices of assembling work. Separately are given the indices for repairs and maintenance of the construction nature. Other indices are calculated as aggregates for the new construction, modernisation and reconstruction.

Indices are calculated from the average price indices of individual representatives which are weighted by a relative ratio of the value of a representative to the total output value total 2010 construction output (constant structure) by the Laspeyres formula.

lasp vozrec / laps formula

  • p1 - price of the representative in the current period
  • p0 - price of the representative in the base period (Average of Year 2010)
  • p0q0 - the value volume of the construction works in the base period

The construction materials and components price indices (producer prices) includes 89 different branches of material and components used in the construction industry. The weights for calculations indices are derived from the relative ratio of representative values in the total construction industry in 2010. The base of the indices is the average of 2010.

Besides the construction materials and components price indices calculated from the producer prices are price indices from the purchase prices (the prices which enterprises pay for construction material) are also calculated. The statistical model contains 97 groups of materials and components by the classification of products by activity (CPA). The principle of the calculation is similar to the calculation price indices from producer prices. The base of these indices is the average of 2010.

- Up -

 

Methodical Notes - Producer price indices of agricultural products

In 2013, based on the respective decision of EUROSTAT, the Statistical Office of the Slovak Republic undertook a revision of the price indices of agricultural products, which consisted of: - moving the reference period (to the year of 2010, from 2013 onwards, before prices were compared with the year 2005),- changing the weighting system (before it was based on monthly averaging of turnovers for 2004-2006, now the period 2009-2011 is applied), reducing the number of price representatives (in sample) from 87 to 85, by excluding those of little relevance to the Slovak situation, updating, and extending the number of respondents to about 500.

Prices of agricultural products are surveyed on a monthly basis by using the official statistical form “Ceny Poľ NC 1-12” for selected agricultural products, for all types of business ownership (i.e. co-operatives, state-funded organizations, as well as private sole-proprietors). Only the main agricultural products in specified quality categories were selected. for price survey. Crop products including fruit and vegetables and animal products including fishes are included in the questionnaire.The prices are surveyed as a non-weighted arithmetic average of prices of all major business cases of a given organization, which were registered around the middle of the calendar month (except in case of fruits and vegetables, where data are collected on the 1st, 10th and 20th day of the calendar month). The price presented does not include VAT. Besides this, the respective official survey collects information on sales, in terms of quantity and value of selected price representatives for all quality categories (excluding inferior goods and emergency slaughtering), as an aggregate for the whole previous month. These data are then imputed into the calculation of average values. Average prices of the monitored agricultural products are calculated as an arithmetic average of prices offered by individual producers, for the country as a whole, or at the level of regions. Price indices are calculated based on prices reported for 85 selected products price representatives (samplers).

Simple indices are then aggregated into groups and totals, through the constant monthly weighting system, following Laspeyres formula:

lasp vozrec / laps formula

  • p1 - price in the monitored period,
  • p0 - price in the reference period (i.e. prices for individual months as reported in 2010),
  • p0q0 - the respective weight, derived from the value of sales registered in the reference period (average of the 2009-2011 period), in relative terms

- Up -

 

Methodical Notes - Prices of deliveries of goods and services into agriculture sector

Prices of deliveries of goods and services into the agriculture sector are being surveyed quarterly through the means of state statistical questionnaire "Ceny Pol D 1 - 04" on a sample of agricultural producers regardless of their ownership form (organizations of co-operative type, state owned, or private persons).

Prices are obtained as simple arithmetic mean of important, in regards to volume, purchases of selected goods and services in the surveyed quarter. In the last month of each quarter (i. e. in March, June, September and December) the prices of important, in regards to volume, purchases conducted by the15th calendar day of last month of the surveyed quarter are put in the average. The prices do not include VAT.

Average prices of surveyed representative products are being calculated as the arithmetic mean of individual prices reported by individual respondents.

The index scheme of prices of goods and services supply into agriculture was submitted to complex revision. In the framework of this revision which was carried out in 2012 the sample of respondents and representative products (representatives) had gone through. At the same time a shift in basic period to average of 2010 came into force and the index calculation was changed according to a new weighting system derived from expenditure structure of purchase of goods and services being consumed for agricultural achievement in 2010.

The calculation of a quarterly price index of inputs into agriculture is based on following components:

  • 1. Price indices obtained by means of direct survey: from processing of return forms "Ceny Pol D 1 - 04". The prices of about 100 representatives of 26 product sub-groups according to Classifciation of Production (KP), which are considered important from the point of view of agricultural production (prices of seed delivery, fodder, agrichemicals, fertilizers es of selected services in agriculture: agri-chemical, veterinary and breeding), are being surveyed through said forms;
  • 2. Price indices related to selected groups or classes in KP-classification, as taken over from industrial producer price index, water and sewage rate index, building and construction and telecommunication performance price indices.

For calculation of quarterly input into the agriculture price index, the Laspeyres formula is used:

lasp vozrec / laps formula

  • p1 - price in current - surveyed period
  • p0 - price in base period (average of 2010)
  • p0q0 - constant weight: value of cost for purchase of goods and services consumed in agriculture sector (in 2010)

- Up -

 

Price indices in forestry

Price indices in forestry (since 2013; base year 2010=100). The statistical survey Ceny Les 1-04, managed by the SO SR, was completed in the last quarter of 2012. From 2013, data are retrieved from the information system of the Ministry of Agriculture and Rural Development of the SR - Quarterly report on timber deliveries in forestry in Les (MARD SR) 2-04” will be used for the calculation of price indices. The average values (prices) of wood in the rough are calculated from data “Total turnover for domestic supplies (in €) and data “Domestic supplies (in m3 u.b):

  • Total volume of coniferous wood in the rough
  • Total volume of deciduous wood in the rough
  • Total volume of coniferous and deciduous wood in the rough

Price indices (UVI-unit value indices) are calculated from these average values in the new base year 2010=100 (earlier 2005=100) and the price indices on derived bases: cply =100 (corresponding period last year = 100) and prev. per. = 100 (previous period = 100).

Price indices for individual ranges of wood in the rough will neither be calculated nor published unless required by decisive customers.

Data from the Report Les (MARD SR) 2-04 are published at the website:

http://www.forestportal.sk/ForestPortal/odborna_sekcia/specializovane_informacie/ltis/ltis.html

- Up -

 

Price indices of market services

Price indices of selected market services are calculated based on prices reported in statistical surveys Ceny VTS 1-04, Ceny FPS 6-04, Ceny Dop 9-04, Ceny IKaP 5-04. These reports are completed by selected enterprises dealing with service provision of representatives (samples). Strike prices are collected for services supplied to the national territory in the so-called primary market between a service provider and the first purchaser. A survey price is calculated as an arithmetic average of prices in all important transactions occurring around the middle of the month. The price is monitored excluding value added tax.

In 2012, the weights of prices of selected market services were based on the turnover structure in the services sector in 2010. Price indices of selected market services are calculated based on simple price indices of price representatives weighted by relative share of the respective representative in the total industrial turnover for 2010 (fixed structure) following the Laspeyres formula.

lasp vozrec / laps formula

  • p1 - price in base period
  • p0 - price in the reference period
  • p0q0 - value index (turnover for 2010)

- Up -

/wps/portal/ext/themes/macroeconomic/prices/metadata Consumer prices and prices of production statistics Z6_Q7I8BB1A085700INSU00VS0TI3 /Štatistický úrad SR - Home /Statistics /Macroeconomic statistics /Consumer prices and prices of production statistics /Metadata