Agricultural input price indices, September 2023
Agricultural input prices lower again
Agricultural input prices decreased again at the monthly level as well as at the quarterly and annual level. At the monthly level, the prices of animal feedingstuffs went down the most (by 4.6%).
Prices at the monthly level lower again
After a slight increase in August, in September the agricultural input prices decreased again. On average, they were 1.2% lower than in the previous month. The prices of goods and services currently consumed in agriculture (input 1) were 1.8% lower and the prices of goods and services contributing to agricultural investment (input 2) 0.1% lower.
In the first group (input 1), lower prices were recorded at animal feedingstuffs (by 4.6%), at seeds of crops (by 3.2%), at fertilizers (by 2.7%) and at maintenance of buildings (by 1.5%).
Among animal feedingstuffs, the prices of straight feedingstuffs decreased on average by 5.0% and of compound feedingstuffs by 4.6%.
In the second group (input 2), the prices of materials remained the same as in the previous month, while the prices of buildings slightly decreased (by 0.2%).
Prices remain lower also at the annual level
Agricultural input prices were on average lower by 7.1% compared to a year ago. The prices of goods and services currently consumed in agriculture went down by 11.2%. On the other hand, the prices of goods and services contributing to agricultural investment went up by 3.8%.
At the annual level, fertilizers were cheaper by 44.7%, energy and lubricants by 8.3% and animal feedingstuffs by 8.2%.
3rd quarter also marked by lower prices
Agricultural input prices in the 3rd quarter of 2023 were on average 1.3% lower than in the previous quarter and 4.9% lower than in the same quarter of 2022.
The prices of goods and services currently consumed in agriculture were 2.0% lower than in the previous quarter, while the prices of goods and services contributing to agricultural investment were 0.3% higher.
At the quarterly level, the prices of fertilizers went down the most (by 11.9%) and the prices of buildings the least (by 0.3%).
Tables with the latest data (monthly base price indices and forecasts of annual base price indices of main groups) are available in the SiStat Database.
After a slight increase in August, in September the agricultural input prices decreased again. On average, they were 1.2% lower than in the previous month. The prices of goods and services currently consumed in agriculture (input 1) were 1.8% lower and the prices of goods and services contributing to agricultural investment (input 2) 0.1% lower.
In the first group (input 1), lower prices were recorded at animal feedingstuffs (by 4.6%), at seeds of crops (by 3.2%), at fertilizers (by 2.7%) and at maintenance of buildings (by 1.5%).
Among animal feedingstuffs, the prices of straight feedingstuffs decreased on average by 5.0% and of compound feedingstuffs by 4.6%.
In the second group (input 2), the prices of materials remained the same as in the previous month, while the prices of buildings slightly decreased (by 0.2%).
Prices remain lower also at the annual level
Agricultural input prices were on average lower by 7.1% compared to a year ago. The prices of goods and services currently consumed in agriculture went down by 11.2%. On the other hand, the prices of goods and services contributing to agricultural investment went up by 3.8%.
At the annual level, fertilizers were cheaper by 44.7%, energy and lubricants by 8.3% and animal feedingstuffs by 8.2%.
3rd quarter also marked by lower prices
Agricultural input prices in the 3rd quarter of 2023 were on average 1.3% lower than in the previous quarter and 4.9% lower than in the same quarter of 2022.
The prices of goods and services currently consumed in agriculture were 2.0% lower than in the previous quarter, while the prices of goods and services contributing to agricultural investment were 0.3% higher.
At the quarterly level, the prices of fertilizers went down the most (by 11.9%) and the prices of buildings the least (by 0.3%).
Tables with the latest data (monthly base price indices and forecasts of annual base price indices of main groups) are available in the SiStat Database.
Monthly growth rates of agricultural input prices, Slovenia
1) Input 1 (goods and services currently consumed in agriculture).
2) Input 2 (goods and services contributing to agricultural investment).
Growth rates of agricultural input prices (%), Slovenia
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Growth rates of agricultural input prices (%), Slovenia
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METHODOLOGICAL NOTE
Monthly data for the current year are provisional. With each release the data can be corrected and completed with new data. Monthly data get the status of final data with the publication of annual data (at the latest at the end of February next year).
Additional explanations are available in the methodological explanations.
Additional explanations are available in the methodological explanations.
When making use of the data and information of the Statistical Office of the Republic of Slovenia, always add: "Source: SURS". More: Copyright.
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