Press release: 12.269-109/20

Industrial producer prices went down by 2.7% in May 2020

Vienna, 2020-06-30 – The industrial producer price index, IPPI 2015, reached 100.0 points in May 2020, representing a price decrease of 2.7% compared to May 2019, as Statistics Austria reports. In April 2020 and March 2020, the annual rates of change had been -2.4% and -1.5%, respectively. The downward trend in producer prices for industrial products thus continued in May 2020. Between April 2020 and May 2020, the industrial producer price index fell by 0.5%.

The decrease of the industrial producer price index in May 2020 (-2.7%) was mainly due to low prices in the energy sector (-10.3%) and for intermediate goods (-2.3%). The prices for capital goods increased by 0.9% in May 2020 and those for consumer goods by 1.1%.

For more detailed information please refer to the German version.