The Producer and Import Price Index increased in March 2022 by 0.8 % compared with the previous month, reaching 107.0 points (December 2020 = 100). Higher prices were seen for petroleum products in particular. Basic metals and semi-finished metal products also became more expensive. Compared with March 2021, the price level of the whole range of domestic and imported products rose by 6.1 %. These are the results from the Federal Statistical Office (FSO).
In particular, higher prices for petroleum products were responsible for the increase in the producer price index compared with the previous month. Rising prices were also seen for scrap, basic metals and semi-finished metal products as well as for bakery products and pasta.
The import price index also registered higher prices compared with February 2022, particularly for petroleum products. Furthermore, basic metals and semi-finished metal products, petroleum and natural gas, food products, motor vehicles and motor vehicle parts, textiles as well as leather and travel goods became more expensive. In contrast, falling prices were seen for pharmaceutical preparations and computers.