Agricultural input price indices, October 2024

Agricultural input prices at the monthly level slightly down again

Agricultural input prices decreased at the monthly and annual level. In a monthly comparison, the highest price decrease was recorded in the group of energy and lubricants.

  • 13 December 2024 at 10:30
  • |
  • provisional data
A slight price decrease at the monthly level …

Agricultural inputs were on average 0.4% cheaper than in the previous month. The prices of goods and services currently consumed in agriculture (input 1) went down by 0.7%, while the prices of goods and services contributing to agricultural investment (input 2) went up by 0.1%.

In the first group (input 1), lower prices were recorded at energy and lubricants (by 3.1%) and at fertilizers and at maintenance of buildings (by 0.6% each).

In the second group (input 2), the prices of materials remained the same as in the previous month, while the prices of buildings increased by 0.4%.

… and a larger one at the annual level

In one year, agricultural inputs were 3.2% cheaper. The prices of goods and services currently consumed in agriculture were 5.5% lower, while the prices of goods and services contributing to agricultural investment were 1.9% higher.

At the annual level, the prices of animal feedingstuffs decreased the most (by 13.5%), followed by energy and lubricants (by 10.2%) and by fertilizers (by 8.1%).

The table with the latest data (monthly base price indices) is available in the SiStat Database.

Monthly growth rates of agricultural input prices, Slovenia
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
Oct 2024
Sept 2024
Oct 2024
Oct 2023 
Goods and services currently consumed in agriculture (Input 1)-0.7-5.5
Seeds and planting stock0.016.9
Energy; lubricants-3.1-10.2
Fertilizers and soil improvers-0.6-8.1
Plant protection products and pesticides0.00.1
Veterinary expenses0.05.3
Animal feedingstuffs0.1-13.5
Maintenance of materials0.25.5
Maintenance of buildings-0.61.0
Other goods and services0.02.2
Goods and services contributing to agricultural investment (Input 2)0.11.9
Materials0.01.5
Buildings0.42.9
Total (Input 1 + Input 2)-0.4-3.2
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

When making use of the data and information of the Statistical Office of the Republic of Slovenia, always add: "Source: SURS". More: Copyright.