In the 4th quarter of 2011 services producer prices 0.1% higher than in the previous quarter
Compared to the 3rd quarter of 2011, in the 4th quarter of 2011 services producer prices were higher on average by 0.1%.
Service prices rose the most in advertising and market research (by 1.1%). Prices also rose in the following activities: computer programming, consultancy and related activities, telecommunications (in each by 0.6%), publishing activities, cleaning activities (in each by 0.5%), employment activities, cargo handling, and warehousing and storage (in each by 0.1%).
The decrease in service prices was noticeable in sea and coastal water transport (by 5.9%), and air transport (by 2.0%).
In the 4th quarter of 2011 services producer prices 0.6% higher than a year before
From the 4th quarter of 2010 to the 4th quarter of 2011 services producer prices increased on average by 0.6%.
The growth in service prices was noticed within activities such as warehousing and storage (by 5.9%), other postal and courier activities (by 4.2%), publishing activities (by 2.5%), freight transport by road and removal services (by 2.4%), cargo handling (by 2.1%).
In one year service prices decreased in four activities, the most in sea and coastal water transport (by 16.3%). The decrease in prices was smaller in architectural and engineering activities; technical testing and analysis (by 1.9%), data processing, hosting and related activities; web portals (by 1.4%), and legal, accounting and management consultancy activities (by 0.6%).
Average annual growth rates of services producer prices in the 2007-2011 period
In the last five years services producer prices have been constantly growing; however, the intensity of growth has decreased throughout the years. Namely, in 2007 the average price growth was 3.8%, while in 2010 it was only 0.01%. In 2010 the service prices again started to increase more rapidly (by 0.4%).
SECTION H (TRANSPORTATION AND STORAGE SERVICE)
After the period of rising service prices in the 2007-2008 period, the activity of transportation and storage experienced a price fall in 2009 (by 0.8%). Services producer prices started to increase again in 2011, when a 2.3% growth was recorded.
SECTION J (INFORMATION AND COMMUNICATION SERVICES)
Of all observed activities in the service sector information and communication activities experienced the most stable prices. Negative trends in prices can be observed in 2007 (by 0.5%) and in 2011 (by 1.0%), while in the interim period services producer prices showed around 1% growth.
SECTION M (PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES)
After high growth in services producer prices in professional, scientific and technical activities in 2007 (by 7.0%) and in 2008 (by 5.2%), the prices started to stagnate. The first price fall was recorded in 2010 (by 1.7%) and the second in 2011 (by 1.1%).
SECTION N (ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITES)
In the 2007-2008 period, services producer prices in employment activities, security and investigation activities and cleaning activities increased by around 7% annually. In the next three years lower service price growth was recorded - average annual price growth was 1.7%.