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Producer prices in May 2023: +1.0% on May 2022
As reported by the Federal Statistical Office, the index of producer prices for industrial products increased by 1.0% compared to May 2022. Compared to the previous year, this represents the smallest increase since January 2021 (+0.9%). In April 2023 the increase had been +4.1%. Compared with the preceding month April 2023 the overall index decreased by 1.4% in May 2023. The greatest influence on the increase of the overall index in comparison with May 2022 had the price increases of capital goods and of non-durable consumer goods. Prices of capital goods rose by6.5% on May 2022. This increase was mainly induced by ... (full story)