The producer price index in agriculture for the fourth quarter of 2024 increased by 8.6% in comparison with the same quarter of 2023 as a result of the increase in the crop output price index - by 11.5%, and in the animal output price index - by 0.9%.
Compared to the previous year (on an annual basis), the prices of agricultural output went up by 3.1%, as in crop output they increased by 4.5% and in animal output they fell by 0.6%.
In crop output, in the fourth quarter of 2024, compared to the same quarter of 2023, the most significant rise was recorded in the prices of industrial crops - by 31.3%, as a result of the rise in the price of sunflower - by 34.1%. The trend was also retained on an annual basis compared to 2023, with an increase in industrial crops - by 20.9%.
In animal output, in the fourth quarter of 2024, compared to the same quarter of 2023, the prices of live animals went down by 2.5%, while prices for livestock products increased by 5.7%. Compared to 2023 (on an annual basis), a decrease was reported in the prices of live animals - by 4.3%, while prices of animal products increased - by 4.7%.
The agricultural consumer goods and services price index for the fourth quarter of 2024 decreased by 2.2% compared to the same quarter of the previous year and by 5.0% compared to 2023 (on an annual basis).
The biggest decrease, compared to the corresponding quarter of 2023, was recorded in the prices of: electricity and fuels - by 8.0%, and mineral fertilizers - by 6.7%.
Compared to the previous year, the most significant decline was in the prices of: mineral fertilizers - by 21.0%, and of animal feedingstuffs - by 6.5%.
