Press release: 12.291-131/20

Industrial producer prices declined by 2.1% in June 2020

Vienna, 2020-07-30 – The industrial producer price index, IPPI 2015, reached 100.3 points in June 2020, representing a price decrease of 2.1% compared to June 2019, as Statistics Austria reports. In May 2020 and April 2020, the annual rates of change had been -2.6% and -2.4%, respectively. The declining price trend at the producer level has accelerated significantly in the second quarter of 2020. Compared to the first quarter, the index went down by 1.7%.

The decrease of the industrial producer price index in June 2020 (-2.1%) was primarily due to low prices in the energy sector (-8.0%) and for intermediate goods (-2.1%). The prices for capital goods rose by 0.9% in June 2020 and those for consumer goods by 1.0%.

Between May 2020 and June 2020, the industrial producer price index rose by 0.2%.

For more detailed information please refer to the German version.