Austria’s wholesale prices dropped notably in February largely due to a fall in petroleum prices, Statistics Austria reported Monday.
Wholesale prices declined 5.3 percent annually, which was the biggest fall since January 2015. In January 2016, prices had decreased 2.3 percent.
Month-on-month, wholesale prices dropped 0.8 percent compared to a 1 percent fall in January.
The material has been provided by InstaForex Company – www.instaforex.com