Press release

Producer and Import Price Index in January 2024 Producer and Import Price Index fell by 0.5% in January

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15.02.2024 - The Producer and Import Price Index fell in January 2024 by 0.5% compared with the previous month, reaching 106.7 points (December 2020 = 100). Lower prices were recorded in particular for petroleum and natural gas, petroleum products as well as for computer, electronic and optical products. Electricity, on the other hand, became more expensive. Compared with January 2023, the price level of the whole range of domestic and imported products fell by 2.3%. These are the results from the Federal Statistical Office (FSO).

The Producer Price index registered higher prices compared with the previous month, particularly for electricity. In contrast, lower prices were observed for watches, petroleum products, medical and dental instruments and supplies, gas and metal products.

Lower prices for petroleum and natural gas as well as for petroleum products were primarily responsible for the decline in the Import Price Index compared with December 2023. Computers and peripheral equipment, communication equipment, metal products, medical and dental instruments and supplies, furniture and pharmaceutical preparations also became cheaper. The same applied to instruments and appliances for measuring and testing, watches and clocks, electronic components and boards as well as basic metals and semi-finished metal products. In contrast, pome and stone fruits were more expensive.

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