Rise of Industrial Producer Prices Is Slowing Down

Business › Economy ♦ Published: July 20, 2011; 14:39 ♦ (Vindobona)

Prices of industrial goods gained 4.6% in May 2011. For the first time in six months the annual rate of change was less than 5%.

Rise of Industrial Producer Prices Is Slowing Down / Picture: © Vindobona.org

As reported by Statistics Austria, the Industrial Producer Price Index, IPPI 2010, reached 104.4 points in May 2011, representing a price increase of 4.6% compared to May 2010. For the first time in six months the annual rate of change fell under the 5% mark. In April 2011 and March 2011, the annual rate of change had been 5.1% and 5.4%, respectively. The increase of the price index in…

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