Prices for Industrial Goods still on the Rise

BusinessEconomy ♦ Published: April 19, 2011; 11:06 ♦ (Vindobona)

Industrial producer prices are still increasing in Austria: +5.3% in February 2011 compared to February 2010.

Prices for Industrial Goods still on the Rise / Picture: © Vindobona.org

As reported by Statistics Austria, the Industrial Producer Price Index, IPPI 2010, reached 102.9 points in January 2011, representing a price increase of 5.3% compared to February 2010. This was the highest February rate since six years (February 2005), when the index also amounted to 5.3%. In January 2011 and December 2010, the annual rate of change had been 5.2% and 5.0%,…