2017.12.2905:18:00UTC+00Austria's Producer Price Inflation Accelerates In November

Austria's producer price inflation increased in November, Statistics Austria reported Friday.

Producer prices grew 2.1 percent year-on-year in November, faster than the 1.7 percent rise seen in October.

The annual increase was largely driven by a 2.9 percent rise in intermediate goods prices. Energy prices climbed 2.7 percent and consumer goods prices gained 1.3 percent. At the same time, capital goods prices gained only 0.6 percent.

On a monthly basis, producer price inflation doubled to 0.6 percent from 0.3 percent in October.