Wholesale Prices Rose Slightly in June

Wholesale prices rose slightly in June - both compared to May and the same period last year. Compared to June 2024, wholesale prices increased by 0.2 percent. With an inflation of 0.6 percent, the price increase compared to the previous month was even more pronounced, according to data from Statistics Austria.

Food Among Price Drivers

Food and jewelry were among the main price drivers. Prices for coffee, tea, cocoa, and spices rose by 29.3 percent year-on-year. Watches and jewelry cost 21.4 percent more. There were also significant price increases for non-alcoholic beverages (+10 percent), fruits and vegetables (+7.3 percent), as well as meat and meat products (+5.9 percent).

Fuels and mineral oil products, on the other hand, no longer had such a strong impact, said Thomas Burg, Director General of Statistics Austria. Prices for solid fuels decreased by 12.1 percent year-on-year, and other mineral oil products became 8.8 percent cheaper. Motor gasoline and diesel cost 6.4 percent less than in June of the previous year.

Increase in Live Animals

Compared to the previous month, wholesale prices for live animals (+5.9 percent), other mineral oil products (+4.2 percent), as well as coffee, tea, cocoa, and spices (+4 percent) increased. In contrast, grains, seeds, and animal feed, as well as hides and leather, became cheaper.

(APA/Red)

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