12/11/2023 22:08 | Press Release
In September 2023, export prices increased by 1.1% month-on-month, decreased by 3.5% year-on-year. Import prices increased by 2.0% month-on-month, decreased by 9.2% year-on-year. The value of exchange rates was 99.2% month-on-month, 106.4% year-on-year.
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Monthly in September they grew by 1.1% (after exchange rate adjustment by 0.2%), the biggest influence was the increase in the prices of mineral fuels by 5.5% (mainly electricity and oil products). The prices of industrial consumer goods and the prices of chemicals both rose by 1.8%. Only the prices of semi-finished products1 fell by 0.2% (mainly iron and steel).
Interannually in September they fell by 3.5% (after exchange rate adjustment by 2.5%), the biggest effect was a decrease in the prices of semi-finished products by 7.8% (mainly iron and steel and metal products). Prices of other raw materials2 fell the most by 20.0% (mainly wood, waste paper and oilseeds), mineral fuels by 14.6% (electricity, coal and petroleum products) and prices of chemicals by 11.3% (mainly organic chemicals, plastics and inorganic chemicals). The prices of beverages grew the most by 15.1% and machinery and means of transport by 2.1%.
Monthly increased by 2.0% in September (after exchange rate adjustment by 0.9%), the biggest influence was the 7.8% increase in the prices of mineral fuels (mainly oil and oil products). The prices of chemicals rose by 2.0% (mainly plastics and pharmaceuticals) and the prices of machinery and means of transport by 1.7%. Only the prices of other raw materials fell by 0.6%.
Interannually in September they fell by 9.2% (7.8% after exchange rate adjustment), the biggest effect was a considerable decrease in the prices of mineral fuels by 37.8% (mainly gas, electricity and oil and petroleum products). Prices of other raw materials fell by 14.1% (mainly metal ores and metal scrap), chemicals by 9.9% (mostly plastics and organic chemicals) and prices of semi-finished products by 6.8% (mainly iron and steel and non-ferrous metals). The prices of beverages and tobacco grew the most by 23.6% and the prices of industrial consumer goods by 3.3%.
“In September, export prices rose by 1.1% and import prices by 2.0% month-on-month. Year-on-year, export prices decreased by 3.5% and import prices by 9.2%. A significant year-on-year decrease of 37.8% was recorded in energy import prices, where the prices of gas, electricity and oil and oil products fell the most,” points out Vladimír Klimeš, head of the CZSO’s industry and foreign trade price statistics department.
Monthly recorded a value of 99.2% (99.3% in August). The lowest values were reached by beverages and tobacco (97.1%), the highest values by other raw materials (101.3%).
Interannually reached a value of 106.4% (108.7% in August). The highest value was recorded for mineral fuels (137.3%), the lowest value for food (92.4%).
1) In the text, the term semi-finished products refers to market products classified mainly by material (SITC 6).
2) In the text, the name other raw materials refers to non-edible raw materials, with the exception of fuels (SITC 2).
Related analysis: Development of export and import price indices of goods – Q3 2023 HERE
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author: Press Release