Austria's producer price inflation edged up to 3.4 percent year-on-year in October 2018 from 3.3 percent in the previous month, mainly boosted by high prices in the energy sector (9.5 percent vs 8.9 percent in September) and for intermediate goods (2.6 percent vs 2.8 percent). In addition, the prices for capital goods went up by 1.1 percent in October (vs 1.2 percent in September), while those for consumer goods decreased by 0.1 percent (vs -0.2 percent in September). Producer Prices Change in Austria averaged 0.94 percent from 2001 until 2018, reaching an all time high of 5.47 percent in December of 2010 and a record low of -3.20 percent in July of 2009.
Producer Prices Change in Austria is expected to be 3.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Austria to stand at 2.50 in 12 months time. In the long-term, the Austria Producer Prices Change is projected to trend around 0.90 percent in 2020, according to our econometric models.