Producer and Import Price Index in September 2020 Producer and Import Price Index increased by 0.1% in September 2020
Producer and Import Price Index with average annual inflation of -3.0% in 2020
15.10.2020 - The Producer and Import Price Index rose in September 2020 by 0.1% compared with the previous month, reaching 98.0 points (December 2015 = 100). The rise is due in particular to higher prices for scrap as well as for basic metals and semi-finished metal products. Compared with September 2019, the price level of the whole range of domestic and imported products fell by 3.1%. These are the results of the Federal Statistical Office (FSO).
In particular, higher prices for scrap were responsible for the increase in the producer price index compared with the previous month. Raw milk and fresh vegetables also became more expensive.
The import price index registered lower prices compared with August 2020, particularly for petroleum and natural gas. Prices also fell for diesel, leather and travel goods, heating oil and passenger cars. In contrast, higher prices were observed for non-ferrous metals and products made therefrom, gasoline and wearing apparel.
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