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Producer and Import Price Index in February 2024 Producer and Import Price Index rose by 0.1% in February

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Producer and Import Price Index rose by 0.1% in March

14.03.2024 - The Producer and Import Price Index rose in February 2024 by 0.1% compared with the previous month, reaching 106.8 points (December 2020 = 100). In particular, petroleum and natural gas as well as petroleum products saw higher prices. In contrast, chemical products became cheaper. Compared with February 2023, the price level of the whole range of domestic and imported products fell by 2.0%. These are the results from the Federal Statistical Office (FSO).

Pharmaceutical preparations, electricity (for large consumers) and meat and meat products were primarily responsible for the increase in the Producer Price Index compared with the previous month. In contrast, prices fell for plastic products, paper and paper products.

The Import Price Index registered higher prices compared with January 2024, particularly for petroleum and natural gas as well as petroleum products. Rising prices were also observed for green coffee. Conversely, chemical products, rubber and plastic products, glass and glass products, paper and paper products, timber products, basic metals and semi-finished metal products became cheaper.

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