16.12.2024 - The Producer and Import Price Index fell in November 2024 by 0.6% compared with the previous month, reaching 106.3 points (December 2020 = 100). Lower prices were seen in particular for pharmaceutical products, petroleum and natural gas and chemical products. Compared with November 2023, prices for the whole range of domestic and imported products fell by 1.5%. These are the results from the Federal Statistical Office (FSO).
The Producer Price Index registered falling prices compared with the previous month, particularly for pharmaceutical preparations. Organic products of the chemical industry also became cheaper. Basic pharmaceutical products, on the other hand, saw price increases.
In particular, petroleum and natural gas as well as chemical products were responsible for the decline in the Import Price Index compared with October 2024. Falling prices were also seen for pharmaceutical products, paper and paper products, rubber and plastic products, computers and green coffee. In contrast, petroleum products, cocoa and chocolate products as well as non-ferrous metals and products made therefrom became more expensive.
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