Austria Producer Price Inflation Accelerates In October

(RTTNews) - Austria's producer price inflation rose to 4% in October from 3.3% in September, Statistics Austria said Monday. Prices increase for an eighth successive month.

The latest increase in the price index mainly reflected price rises in intermediate goods industries and energy sector.

Producer prices in intermediate goods industries increased 6.6% annually during the month compared to 6.9% rise in September.
Energy prices rose 5.6% year-on-year, faster than the 4.7% rise in the previous month. Factory prices for consumer goods rose to 0.7% and those of capital goods increased 1.8%.
Month-on-month, producer prices fell 0.1% in October, following a 0.2% rise in September. The decline was mainly led by fall in factory prices for computers, electronic and optical products as well as basic metals.