Press release: 12.383-223/20

Industrial producer prices decreased by 1.5% in October 2020

Vienna, 2020-11-30 – The industrial producer price index, IPPI 2015, reached 100.7 points in October 2020, representing a price decrease of 1.5% compared to October 2019, as Statistics Austria reports. In September and August 2020, the annual rates of change had been -1.8% and -1.9%. Thus, the decline in prices at the producer level decelerated further in October 2020. Between September and October 2020, the industrial producer price index rose by 0.2%.

The decrease of the industrial producer price index in October 2020 (-1.5%) was mainly caused by falling prices in the energy sector (-5.4%) and for intermediate goods (-1.6%). The prices for capital goods and for consumer goods went up by 0.6% each in October 2020.

For more detailed information please refer to the German version.