Austria’s producer prices declined at a stable pace in November, preliminary figures from Statistics Austria showed Wednesday.
The producer price index fell 2.0 percent year-over-year in November, the same rate of decrease as in the previous month. Producer prices have bee falling since February 2013.
The annual decline in October was largely caused by a 7.1 percent sharp fall in energy prices. Prices for intermediate goods dropped 1.4 percent, while that for capital goods grew by 0.7 percent.
On a monthly basis, producer prices edged down 0.2 percent in November, following a 0.4 percent fall in October. It was the fifth consecutive monthly decline.
The material has been provided by InstaForex Company – www.instaforex.com