Slovakia's producer price inflation stays flat at 2% y/y in January.

By bne IntelliNews March 1, 2013
Slovakias annual industrial producer price inflation remained flat m/m at 2.0% in January, data from the statistics office showed. Industrial producer prices on the domestic market rose 3.1% y/y in January, down from a 3.9% yearly growth in December, while export producer prices growth accelerated to 1.4% y/y from 1%. Producer prices are a key preliminary indicator for the dynamics in consumer price inflation in the following month. On a monthly basis, producer prices moved 0.3% higher in January following a 0.3% decline in December. On the domestic market, prices rose 0.4% m/m after a 0.4% decline in the previous month, while export prices edged up 0.1% after falling 0.2% in December. Agricultural producer prices rose by 17.2% y/y in January, following a 16.2% growth in December, as the growth in crops prices speeded to 26% from 22.1% and the growth in producer prices of animal products advanced to 6.6% from 5.3%. Prices of construction works rose by 1% y/y in January and prices of construction materials and components increased by 0.3%.
y/y % change Jan-13 Dec-12 2012
INDUSTRIAL PRODUCER PRICES (total) 2.0% 2.0% 2.0%
INDUSTRIAL PRODUCER PRICES (domestic) 3.1% 3.9% 3.9%
Mining 1.6% 3.0% 5.1%
Manufacturing 1.6% 1.7% 1.3%
--food, beverages and tobacco 2.3% 2.4% 1.9%
--textiles, apparel, leather and related products 0.1% 0.6% 1.1%
--wood and paper products, printing -2.5% -3.1% -3.3%
--coke and refined petroleum products 5.4% 6.1% 10.6%
--chemicals and chemical products 1.9% 0.5% 2.5%
--pharmaceutical products and preparation 1.8% -0.2% 3.6%
--rubber, plastics and other non-metallic mineral products 0.4% -0.2% 0.4%
--basic and fabricated metal products, except machinery and equipment -2.3% -2.1% -1.6%
--computer, electronics and optical products -0.3% 0.0% -0.8%
--electrical equipment 0.7% 0.7% 0.4%
--machinery and equipment 4.6% 3.8% 2.6%
--transport equipment 1.4% 1.5% -3.5%
--other manufacturing, repair and installation of machinery and equipment 7.7% 9.5% 5.8%
Electricity, gas, steam and air conditioning supply 5.0% 6.5% 7.3%
Water supply, sewerage, waste management and remediation 5.1% 5.8% 4.9%
INDUSTRIAL PRODUCER PRICES (export) 1.4% 1.0% 0.7%
AGRICULTURAL PRODUCER PRICES 17.2% 16.2% 6.9%
--Crop products 26.0% 22.1% 9.3%
--Animal products 6.6% 5.3% 4.0%
CONSTRUCTION WORK PRICES 1.0% 1.0% 0.6%
CONSTRUCTION MATERIALS PRICES 0.3% 1.6% 1.5%

Slovakia's producer price inflation stays flat at 2% y/y in January.

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