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Producer and Import Price Index in February 2020 Producer and Import Price Index fell by 0.9% in February 2020

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Producer and Import Price Index fell by 1.3% in April 2020

16.03.2020 - The Producer and Import Price Index fell in February 2020 by 0.9% compared with the previous month, reaching 99.8 points (December 2015 = 100). This decline is due in particular to lower prices for petroleum products. Compared with February 2019, the price level of the whole range of domestic and imported products fell by 2.1%. These are the results of the Federal Statistical Office (FSO).

In particular, lower prices for waste collection, materials recovery, petroleum products and pharmaceutical preparations were responsible for the decrease in the Producer Price Index compared with the previous month. Basic metals and semi-finished metal products were also cheaper. In contrast, increasing prices were observed for pork.

The Import Price Index registered lower prices compared with January 2020, particularly for petroleum products, petroleum and natural gas. Price decreases were also seen for non-ferrous metals and products made therefrom, rubber and plastic products, basic pharmaceutical products and plastics in primary forms. The same applies for paper and paper products, timber products, green coffee as well as glass and glass products.

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