Producer prices in Austria fell 2.7 percent over a year earlier in May 2020, following a 2.4 percent drop in the previous month. It was the sharpest decline in producer prices since May 2016, as cost decreased further for energy (-10.3 percent vs -8.8 percent in April). Also, cost of consumption goods eased (1.1 percent vs 1.4 percent). On the other hand, prices of intermediate goods fell less (-2.3 percent vs -2.5 percent) while inflation was steady for capital goods (at 0.9 percent). On a monthly basis, producer prices went down 0.5 percent, after dropping 0.8 percent in the prior month.
Producer Prices Change in Austria averaged 0.85 percent from 2001 until 2020, reaching an all time high of 5.47 percent in December of 2010 and a record low of -3.20 percent in July of 2009. This page provides - Austria Producer Prices Change - actual values, historical data, forecast, chart, statistics, economic calendar and news. Austria Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Statistics Austria
Producer Prices Change in Austria is expected to be -1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Austria to stand at 1.10 in 12 months time. In the long-term, the Austria Producer Prices Change is projected to trend around 1.30 percent in 2021 and 1.10 percent in 2022, according to our econometric models.