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Producer and Import Price Index with average annual inflation of +0.2% in 2023
The Producer and Import Price Index fell in December 2023 by 0.6% compared with the previous month, reaching 107.2 points (December 2020 = 100). Compared with December 2022, the price level of the whole range of domestic and imported products fell by 1.1%. Average annual inflation was +0.2% in 2023. These are the results from the Federal Statistical Office (FSO). The average annual inflation rate for 2023 corresponds to the rate of change between the annual average for 2023 and and that for 2022. The annual average is equal to the arithmetic mean of the 12 monthly indices of the calendar year. In 2023, average annual ... (full story)