Industrial producer prices increased by 16.7% in December 2021; 2021 annual rate: +7.9%

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Press release: 12.723-021/22

Industrial producer prices increased by 16.7% in December 2021; 2021 annual rate: +7.9%

Vienna,2022-01-28 – The industrial producer price index, IPPI 2015, reached 118.3 points in December 2021, which represents a price increase of 16.7% compared to December 2020, as reported by Statistics Austria. In November and October 2021, the annual rates of change were +15.3% and +14.0% respectively. In 2021, the average annual rate was 7.9%. This is the largest year-on-year increase since records began in January 2000 and follows a price decline of 1.6% in 2020. Thus, in 2021, the evolution of prices of industrial products reversed.

The 7.9% increase in 2021 is mainly due to higher prices in the energy sector (+16.6%) and intermediate goods (+9.7%). Prices rose 1.4% for consumer goods and 1.2% for capital goods.

Between November and December 2021, the industrial producer price index increased by 1.5%.

For more information, please see the German version.

© STATISTICS AUSTRIA, last modification on 28.01.2022

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Statistik Austria – Bundesanstalt Statistik Austria published this content on January 28, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on January 28, 2022 08:25:03 UTC.

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