Press release: 12.175-015/20

Annual rate of industrial producer prices was 0.1% higher in 2019 than in 2018

Vienna, 2020-01-30 – The annual average of the industrial producer price index (IPPI 2015) in 2019 was 0.1% above the level of the previous year, as Statistics Austria reports. In 2018, the annual rate had been +2.4%, in 2017 +1.9%. The slowdown of price momentum for industrial products in 2019 was mainly due to falling prices in the in the energy sector (-1.2%) and for intermediate goods (-0.3%). The prices for capital goods and for consumer goods rose by 1.1% each.

In December 2019, the industrial producer price index reached 102.4 points, representing a price decrease of 0.4% compared to December 2018. In November and October 2019, the annual rates of change had been -1.1% and -1.5%, respectively. Thus, the downward price trend for industrial products continued in December 2019. Between November 2019 and December 2019, the industrial producer price index remained stable.

For more detailed information please refer to the German version.