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Financial News: Austria Wholesale Price Inflation Rises In October

Austria Wholesale Price Inflation Rises In October

11/07/2022 - 05:51:00 (RTTNews)

(RTTNews) - Austria's wholesale price inflation accelerated for the first time in four months in October, preliminary data from Statistics Austria showed on Monday.

The wholesale price index grew 21.2 percent year-on-year in October, following a 20.6 percent rise in September.

The acceleration in inflation was largely contributed by a 93.5 percent jump in prices of industrial chemicals. This was followed by an 85.8 percent price growth in other liquid and gaseous fuels and related products.

On a month-on-month basis, wholesale prices increased 3.1 percent in October, well above the 0.2 percent gain in September.

The strongest monthly price growth also occurred in industrial chemicals, by 20.8 percent.

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