Wholesale prices fall as strong as ever
Scrap metal, steel, grain, gasoline has become significantly cheaper. This gives the wholesale price index the largest decline since 1948.
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The strongest price decline since 1959 in Switzerland
Statistics Austria calculated the wholesale price index since October 1948. By May 2009 the value of 105.4, compared to April is an increase of 0.2 percent. But compared with May 2008, sales dropped by 10.5 percent. This is the highest negative annual rate of change in the index's history. In May 2008, the wholesale price index due to the sharp rise in prices, particularly for agricultural products and petroleum products by 11.7 percent over that was located in May 2007. In April 2009, the rate of change in distance minus 8.6 percent.
Above-average declines in comparison with May of last year recorded the wholesale prices for scrap and waste materials (-69.0 percent), iron and steel (-44.2 percent), other petroleum products (-36.9 percent), grains, seeds and animal feed ( -36.1 percent), gasoline (including diesel) (-28.9 percent), synthetic resins and Rohkunststoffe (-28.1 percent), hides, skins and leather (-25.8%), nonferrous metals (- 19.1 percent), fruit, vegetables and potatoes (-15.3 percent) and wood and wood semi-finished goods (-10.7 percent). Significant price increases are in flowers and plants (+10.6 percent), Other building materials (+9.1 percent), sporting goods (+7.5 percent), metal components and installation requirements (+6.9 percent), books, magazines and newspapers (+5.6 percent) and sanitation facilities (+5.5 percent) to determine.
The wholesale price index for seasonal goods, compared with May of last year dropped by 10.8 percent, that of the independent seasonal goods has decreased by 10.5 percent.
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