Commodity and Food Prices Rising

BusinessCommodities ♦ Published: January 5, 2011; 16:17 ♦ (Vindobona)

Austrian Wholesale price index in December 2010: +9.1% against December 2009; annual average 2010: +5.0% against 2009.

Commodity and Food Prices Rising / Picture: © Vindobona.org

As reported by Statistics Austria, the index of wholesale prices, WPI 2005, amounted to 115.1 (preliminary value) in December 2010 and has increased by 1.4% against November 2010. Compared to December 2009, the wholesale prices rose by 9.1%, after 7.7% in November 2010. On annual average, prices increased by 5.0% in 2010 compared to 2009 (2009 against 2008: -7.5%).

The biggest…