Austria’s producer prices continued to decline in July at a slightly faster pace from the previous month, preliminary figures from Statistics Austria showed Friday.
The producer price index fell 1.1 percent year-over-year in July, slightly faster than previous month’s 1.0 percent decrease. Producer prices have been falling since February 2013.
Prices in the energy sector dropped 4.9 percent in July from a year ago, and that in the consumer goods sector declined by 0.3 percent.
Meanwhile, prices in the capital goods sector increased by 0.8 percent and that in the intermediate goods sector rose by 0.1 percent.
On a monthly basis, producer prices declined by 0.2 percent in July after remaining stable in the previous two months. This is first fall in six months.
The material has been provided by InstaForex Company – www.instaforex.com