Austria’s producer prices surged by 8.6 percent year-on-year in July of 2021, the largest annual increase since records began in 2001, amid a low base effect from last year and as the economy reopened. The increase in prices was mainly caused by cost of energy (15.6 percent) and intermediate goods (12.1 percent). Also, prices for consumer goods went up by 1.4 percent and those for capital goods rose 1.2 percent. On a monthly basis, producer prices advanced by 1.7 percent, compared with 1.0 percent increase in June. source: Statistics Austria
Producer Prices Change in Austria averaged 0.87 percent from 2001 until 2021, reaching an all time high of 8.60 percent in July of 2021 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 September of 2021.
Producer Prices Change in Austria is expected to be 1.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Austria Producer Prices Change is projected to trend around 1.50 percent in 2022 and 1.10 percent in 2023, according to our econometric models.