Press release: 12.332-172/20

Industrial producer prices fell by 1.9% in August 2020

Vienna, 2020-09-30 – The industrial producer price index, IPPI 2015, reached 100.4 points in August 2020, representing a price decrease of 1.9% compared to August 2019, as Statistics Austria reports. In July 2020 and June 2020, the annual rates of change had been -2.1%, each. Between July 2020 and August 2020, the industrial producer price index remained stable.

The decrease of the industrial producer price index in August 2020 (-1.9%) was mainly caused by low prices in the energy sector (-5.7%) and for intermediate goods (-2.3%). The prices for capital goods rose by 0.6% in August 2020 and those for consumer goods moved up by 0.7%.

For more detailed information please refer to the German version.