The agricultural price index in July is 17.2% higher than last year
In July 2023, the overall agricultural and horticultural price index was 17.2% higher than in July 2022. Whereas in 2022, the horticultural index fell by 33.7% between June and July, this decrease is much smaller this year (-15.0%) thanks to the fruit index remaining stable.
On the agricultural side, the index for animals and animal products is stable compared to 2022 (-0.4%): the rise in the index for animals offsets the fall in the index for animal products, dragged down by the price of milk.
Index van de aankoopprijzen van de productiefactoren in land- en tuinbouw voor België, laatste 10 beschikbare maanden
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Index van de aankoopprijzen van de productiefactoren in land- en tuinbouw voor België, laatste 6 jaar
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Purpose and brief description
The agricultural price indexes (API) are above all used to analyze the evolution of prices and their impact on the agricultural income. The purpose of the price indexes is to provide information on trends in producer prices of agricultural products and purchase prices of the means of agricultural production. These indexes should allow comparing the trends between the member states and the European Union as well as between various products within a member state or the European Union. They should also facilitate the comparison between the trend of output prices and that of purchase prices of the means of agricultural production.
Population
Agricultural holdings active in Belgium during the reference period
Frequency
Monthly
Timing publication
Results available 45 days after the reference period
Definitions
Agricultural output price index :It is the agricultural output price index based on the sales of agricultural products delivered outside the agricultural sector.
Index of the purchase prices of the means of agricultural production : It is the index of purchase prices of the means of agricultural production to the exclusion of agricultural products as production means.
Average price of the agricultural and horticultural products : It is the average price received by the farmer when selling agricultural products.