Press release: 12.800-098/22

Industrial producer prices increased by 21.2% in March 2022

Vienna, 2022-04-29 – The industrial producer price index, IPPI 2021, reached 115.7 points in March 2022, representing a price increase of 21.2% compared to March 2021, as Statistics Austria reports. In February and January 2022, the annual rates of change had been +18.9% and +18.4%, respectively. Thus, the positive price trend for industrial products continued in the first quarter of 2022. Between February and March 2022, the industrial producer price index rose by 2.8%.

The increase of the industrial producer price index in March 2022 (+21.2%) was mainly due to increasing prices in the energy sector (+53.1%). The prices for intermediate goods rose by 19.3% compared to March 2021. Prices for consumer goods went up by 5.0%, those for capital goods increased by 3.6%.

For more detailed information please refer to the German version.