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Price Indices and Prices in the Food Sector – Annual and Monthly Statistics – 2016:08
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Agricultural Input Price Index decreased by ‑1.6 % between August 2015 and August 2016. Prices for Goods and services currently consumed in agriculture decreased by ‑2.7 % while prices for Goods and services contributing to agricultural investments increased by 2.2 %. Fertilisers and soil improvers (‑22.6 %) contributed the most to the total decrease in the input price index. Animal feedingstuffs (‑3.7 %) and Veterinary expenses (‑2.5 %) are other examples where prices decreased during the period. The highest increase was found in Materials (+2.7 %).
Agricultural Output Price Index increased by 1.6 % between August 2015 and August 2016. Index for Crop output increased by 1.7 %. The highest increase was found in prices for Potatoes (+13.4 %) followed by Fruits and Horticultural products (+6.3 %). Cereals (‑8.5 %) was the only product among the crops that decreased during the period. Animal output increased by 1.5 %. This is mainly explained by higher prices for Animals during the period.
Index later in the food chain
“Price Index for the Food Industry, food from price regulated agricultural products” increased by 2.2 % between August 2015 and August 2016. Crop products and Animal products increased by 3.6 and 1.4 % respectively.
“Consumer Price Index, food from price regulated agricultural products” decreased by ‑0.2 % between August 2015 and August 2016. Total Consumer Price Index (CPI) increased by 1.1 % during the same period.