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Austria 19th August 2010, 11:08 AM

Vienna – The Austrian industrial producer prices rose in June by 3.5 percent year over year, compared with May by 0.5 percent. Main reason for this was the price of intermediate goods, which rose by 5.8 percent over the same month last year. For the first Half of 2010 means an increase of 1.4 percent over the same period last year, the Statistics Austria said today, Thursday.

The largest price increases were recorded in the product groups “and fabricated metal products” (+10.8 percent), nonferrous metals and articles thereof “(+16.9 percent),” other products of first processing of iron and steel “(+10 , 5 percent) and “iron and steel and ferro-alloys” (+10.4 percent). The highest discounts are for intermediate goods, “Grain mill products’ (-3.1 percent),” Paints, varnishes, printing inks and mastics “(-2.7 percent) and” feed “(-1.3 percent).

Increase in energy prices

Energy prices rose in June by 5.8 percent year over year, continuing the growth trend (May 2010: +7.7 percent April 2010: +7.4 percent). It laid the “services of heating and air conditioning supply” for the worst to goods rose by 14.1 percent compared with June 2009. The consumer products dampened the growth of the producer price index, it rose compared with June 2010, only 0.1 percent (May 2010: -0.3 percent April 2010: -0.6 percent).

The increase in the Producer Price Index of 0.5 percent compared to May is primarily to price increases in “basic metals and fabricated” (+1.2 percent) and “energy supply” (+0.7 percent). Prices for “Manufacture of electrical equipment” and the “engineering” stagnated. (APA)