Producer and Import Price Index in July 2022 Producer and Import Price Index fell in July by 0.1%
Producer and Import Price Index with average annual inflation of +5.6% in 2022
15.08.2022 - The Producer and Import Price Index fell in July 2022 by 0.1% compared with the previous month, reaching 109.7 points (December 2020 = 100). Lower prices were seen in particular for basic metals and semi-finished metal products. Compared with July 2021, the price level of the whole range of domestic and imported products rose by 6.3%. These are the results from the Federal Statistical Office (FSO).
In particular, higher prices for metal products, electronic components and boards, gas and watches were responsible for the increase in the producer price index compared with the previous month. Higher prices were also seen for orthopaedic and prosthetic devices. In contrast, basic metals and semi-finished metal products, scrap and petroleum products became cheaper.
The import price index registered price decreases compared with June 2022, particularly for basic metals and semi-finished metal products. Prices also fell for vegetables, melons and potatoes, as well as for communication equipment. In contrast, rising prices were observed for metal products, petroleum and natural gas, petroleum products, and medical and dental instruments and supplies.
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