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Financial News: Austria Wholesale Prices Fall Further

Austria Wholesale Prices Fall Further

08/07/2019 - 06:25:00 (RTTNews)

(RTTNews) - Austria wholesale prices declined for the second straight month in July, data from Statistics Austria showed on Wednesday.

Wholesale prices fell 0.3 percent year-on-year in July, following a 0.7 percent decline in June. In May, inflation was 1.1 percent.

Prices for scraps and residual materials declined the most by 16.6 percent annually in July and there was a 9.7 percent rise in prices of live animals.

On a month-on-month basis, wholesale prices rose 0.4 percent in July, after a 1.6 percent fall in the preceding month.

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