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Financial News: Austria Wholesale Price Inflation Falls In June

Austria Wholesale Price Inflation Falls In June

07/05/2019 - 06:41:00 (RTTNews)

(RTTNews) - Austria's wholesale price inflation declined in June, figures from Statistics Austria showed on Friday.

The wholesale price index dropped 1.6 percent year-on-year in June, after a 0.4 percent rise in May.

The latest decline in June was driven by lower annual inflation of scrap and residual materials, hides, skins and leather, other petroleum products, non-ferrous metals and motor gasoline.

On a monthly basis, wholesale prices fell 0.7 percent in June, after a 1.1 percent increase in the preceding month, falling for the first time in five months.

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