Slight Drop in Wholesale Prices

BusinessEconomy ♦ Published: June 8, 2011; 11:10 ♦ (Vindobona)

Austrian wholesale price index in May 2011: -0.9% against April 2011, +8.1% against May 2010. Main drivers were cereals, fertilizers and coffee.

Slight Drop in Wholesale Prices / Picture: © Vindobona.org

As reported by Statistics Austria the index of wholesale prices, WPI 2010, amounted to 108.6 (preliminary value) in May 2011 and has decreased by 0.9% against April 2011. Compared to May 2010 the wholesale prices rose by 8.1%, after 9.5% in April 2011.

Against April 2011, the groups “other petroleum products” (-4.8%), “devices of information and communication technology”…