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Financial News: Austria Producer Prices Decline Slows In December

Austria Producer Prices Decline Slows In December

01/29/2021 - 05:29:00 (RTTNews)

(RTTNews) - Austria's producer prices declined at a softer pace in December, figures from Statistics Austria showed on Thursday.

The producer price index decreased 1.0 percent year-on-year in December, following a 1.4 percent fall in November.

The decline in producer prices was mainly driven by a fall in energy prices and intermediate goods by 3.8 percent and 0.7 percent, respectively.

Meanwhile, prices for capital goods rose 0.6 percent and consumer goods remained unchanged in December.

On a monthly basis, producer prices rose 0.4 percent in December, following a 0.3 percent increase in the preceding month.

In 2020, producer prices declined to 1.6 percent.

In the fourth quarter, producer prices fell 1.3 percent annually and rose 0.6 percent quarterly.

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