Prices

The object of price statistics is to measure price development and the price level on the key goods markets of a national economy. Goods in this context may be both products and services. Frequently, the task is to measure price development over time, while a spatial price comparison is geared to calculating price level differences between regions.

Price indices serve as a suitable instrument for measuring prices, and depict price ratios in the period under review compared to the previous or base period; in the case of a spatial comparison, they measure the price level of one region relative to a comparison region. Price indices are usually calculated at very short time intervals (monthly, quarterly) and are thus key short term indicators. For the general public they serve as a measure of overall price changes. They are furthermore used for macroeconomic analyses and form the basis for many decisions concerning economic and monetary policy. Viewed in the longer term (annual, longer times series), they provide information about the stability of monetary value, one of the reasons why they are often also consulted with respect to valorisation in contracts (indexation clauses).

Price developments are measured at the different stages of the economic process. At the production stage, there are producer price indices for agricultural and forestry products, for industrial (commercial) products, for business services, and for the construction industry. At the distribution stage, there are the wholesale price indices and the foreign trade price indices (import price indices, export price indices).

As an indicator of the average price change of all goods and services bought and/or used by households for consumption purposes, the consumer price index serves as the measure of inflation. The harmonised index of consumer prices, which is more suitable for international comparisons, is subject to a slightly different methodological concept and is used in the EU context to calculate average EU or Eurozone inflation. At the intermediary level (investors), the price indices for machinery reflect price trends relating to goods which companies invest during the production process.  

Finally, purchasing power parities (PPPs) are calculated in order to measure the purchasing power of the domestic euro abroad. They are nothing more than the price ratios for comparable goods and services in Austria and abroad. They can be used to calculate the relative price level of goods and services in different countries on the base of a common basket of goods.

Why not just one price index?

Together, the price indices listed above form a system of indices that not only allows price development on the different markets to be monitored and portrayed statistically, but also, and most importantly, enables conclusions to be drawn about price trends in the economy as a whole. The fact that goods and services at the individual economic stages are subject to a value added process means that the individual price indices are never independent but, rather, interdependent. This fact is of importance to economic analysts and forecasters, because it provides information, for example as to whether and to what extent increases in raw material prices impact on consumer prices.

All of the indices referred to above are based on the Laspeyres method, which means that the current prices of a pre-defined range of goods and/or services (“basket of goods”) are compared to those of the base period (price in base year = 100), with the weighting remaining constant. The base period can be either December of the given year (chained index) or an earlier period (fixed-base index). For all price indices it is important that the computation takes account of the pure price changes only; in other words, changes in all other parameters of a product or service must be eliminated or excluded (quality adjustment). The detailed price ratios (index numbers) calculated in this way are used to calculate weighted average index numbers and -via subsequent aggregation stages- an overall price index using information on the relative share of the individual goods in terms of sales and expenditure (their weighting).

23.09.2021House Price Index rose by 10.7% in the first half 2021PDF30 KB
17.09.2021Inflation increased to 3.2% in August 2021 (HICP: 3.2%) PDF35 KB
15.09.2021Construction costs continue to rise in August 2021PDF32 KB
07.09.2021Wholesale price index increased by 12.0% in August 2021PDF31 KB
31.08.2021Inflation in August 2021 expected at 3.1% according to flash estimatePDF32 KB
30.08.2021Industrial producer prices increased by 8.6% in July 2021PDF36 KB
18.08.2021Inflation increased to 2.9% in July 2021 (HICP: 2.8%)PDF33 KB
13.08.2021Construction costs continue to rise in July 2021PDF31 KB
10.08.2021Construction prices increased in all construction branches in the second quarter of 2021PDF30 KB
06.08.2021Wholesale price index increased by 12.1% in July 2021PDF31 KB
30.07.2021Industrial producer prices rose by 6.9% in June 2021PDF36 KB
30.07.2021Inflation in July 2021 expected at 2.7% according to flash estimatePDF33 KB
16.07.2021Inflation remains at 2.8% in June 2021 (HICP: 2.8%)PDF35 KB
15.07.2021Construction costs continue to rise in June 2021PDF32 KB
07.07.2021Wholesale price index increased by 11.2% in June 2021PDF30 KB
30.06.2021Industrial producer prices increased by 6.0% in May 2021PDF36 KB
30.06.2021Inflation in June 2021 expected at 2.7% according to flash estimatePDF33 KB
17.06.2021Inflation increased to 2.8% in May 2021 (HICP: 3.0%) PDF34 KB
15.06.2021Construction costs continue to rise in May 2021PDF31 KB
07.06.2021Wholesale price index increased by 10.9% in May 2021PDF31 KB
01.06.2021Inflation in May 2021 expected at 2.8% according to flash estimatePDF33 KB
31.05.2021Average Real Estate Prices for the year 2020PDF30 KB
28.05.2021Industrial producer prices went up by 4.6% in April 2021PDF36 KB
19.05.2021Inflation decreased to 1.9% in April 2021 (HICP: 1.9%) PDF35 KB
14.05.2021Construction costs continue to rise in April 2021PDF32 KB
10.05.2021Construction prices increased in all construction branches in the first quarter of 2021PDF30 KB
06.05.2021Wholesale price index increased by 8.7% in April 2021PDF30 KB
30.04.2021Industrial producer prices rose by 2.8% in March 2021PDF35 KB
30.04.2021Inflation in April 2021 expected at 1.9% according to flash estimatePDF32 KB
16.04.2021Inflation increased to 2.0% in March 2021 (HICP: 2.0%) PDF35 KB
15.04.2021Increasing costs in all construction branches in March 2021PDF32 KB
07.04.2021Wholesale price index increased by 6.9% in March 2021PDF30 KB
31.03.2021Inflation in March 2021 expected at 2.0% according to flash estimatePDF33 KB
30.03.2021Industrial producer prices increased by 0.9% in February 2021PDF35 KB
26.03.2021House Price Index rose by 7.6% in 2020PDF31 KB
17.03.2021Inflation increased to 1.2% in February 2021 (HICP: 1.4%) PDF35 KB
15.03.2021Increasing costs in all construction branches in February 2021PDF31 KB
05.03.2021Wholesale price index increased by 2.2% in February 2021PDF30 KB
26.02.2021Industrial producer prices fell by 0.3% in January 2021PDF36 KB
23.02.2021Inflation decreased to 0.8% in January 2021 (HICP: 1.0%)PDF33 KB
15.02.2021Increasing costs in all construction branches in January 2021PDF31 KB
10.02.2021Increase of prices for all construction branches in 2020PDF31 KB
05.02.2021Wholesale price index decreased by 0.1% in January 2021PDF31 KB
29.01.2021Industrial producer prices decreased by 1.6% in 2020PDF35 KB
20.01.2021Average annual inflation rate of consumer prices at +1.4% in 2020 (HICP: 1.4%)PDF123 KB
15.01.2021Increasing costs in almost all construction branches in December 2020PDF32 KB
07.01.2021Wholesale prices in 2020 on average 4.1% lower than in 2019PDF71 KB
30.12.2020Industrial producer prices fell by 1.4% in November 2020PDF36 KB
15.12.2020Increasing costs in almost all construction branches in November 2020PDF31 KB
07.12.2020Wholesale price index decreased by 3.8% in November 2020PDF30 KB
30.11.2020Industrial producer prices decreased by 1.5% in October 2020PDF35 KB
18.11.2020Inflation decreased to 1.3% in October 2020 (HICP: 1.1%)PDF33 KB
13.11.2020Decreasing costs for road and bridge construction in October 2020PDF31 KB
10.11.2020Construction prices increased in all construction branches in the third quarter of 2020PDF31 KB
06.11.2020Wholesale price index decreased by 4.1% in October 2020PDF30 KB
30.10.2020Industrial producer prices declined by 1.8% in September 2020PDF36 KB
16.10.2020Inflation increased to 1.5% in September 2020 (HICP: 1.3%)PDF34 KB
15.10.2020Decreasing costs for road and bridge construction in September 2020PDF31 KB
07.10.2020Wholesale price index decreased by 5.0% in September 2020PDF31 KB
30.09.2020Industrial producer prices fell by 1.9% in August 2020PDF35 KB
17.09.2020Inflation decreased to 1.4% in August 2020 (HICP: 1.4%)PDF34 KB
15.09.2020Decreasing costs for road and bridge construction in August 2020PDF31 KB
07.09.2020Wholesale price index decreased by 4.0% in August 2020PDF31 KB
28.08.2020Industrial producer prices fell by 2.1% in July 2020PDF39 KB
19.08.2020Inflation increased to 1.7% in July 2020 (HICP: 1.8%)PDF37 KB
14.08.2020Decreasing costs for road and bridge construction in July 2020PDF33 KB
10.08.2020Construction output price index second quarter 2020: increasing prices in all construction branchesPDF33 KB
07.08.2020Wholesale price index decreased by 4.6% in July 2020PDF33 KB
30.07.2020Industrial producer prices declined by 2.1% in June 2020PDF40 KB
17.07.2020Inflation increased to 1.1% in June 2020 (HICP: 1.1%)PDF37 KB
07.07.2020Wholesale price index decreased by 5.1% in June 2020PDF33 KB
30.06.2020Industrial producer prices went down by 2.7% in May 2020PDF34 KB
17.06.2020Inflation decreased to 0.7% in May 2020 (HICP: 0.6%)PDF37 KB
15.06.2020Decreasing costs in almost all construction branches in May 2020PDF34 KB
05.06.2020Wholesale price index decreased by 7.9% in May 2020PDF34 KB
29.05.2020Real estate prices continue to rise in 2019PDF136 KB
29.05.2020Industrial producer prices fell by 2.4% in April 2020PDF39 KB
20.05.2020Inflation decreased to 1.5% in April 2020 (HICP: 1.5%)PDF36 KB
15.05.2020Construction costs for roads and bridges again decreased in April 2020PDF71 KB
08.05.2020Construction output price index first quarter 2020: increasing prices in all construction branchesPDF69 KB
07.05.2020Wholesale price index decreased by 6.9% in April 2020PDF30 KB
30.04.2020Industrial producer prices went down by 1.5% in March 2020PDF34 KB
17.04.2020Inflation decreased to 1.6% in March 2020 (HICP: 1.6%)PDF31 KB
15.04.2020Construction costs for roads and bridges again decreased in March 2020PDF71 KB
07.04.2020Wholesale price index decreased by 4.7% in March 2020PDF30 KB
18.03.2020Inflation increased to 2.2% in February 2020 (HICP: 2.2%)PDF35 KB
13.03.2020Slight cost decreases in road and bridge construction in February 2020PDF81 KB
06.03.2020Wholesale price index decreased by 1.2% in February 2020PDF34 KB
28.02.2020Industrial producer prices decreased by 0.3% in January 2020PDF39 KB
21.02.2020Inflation increased to 2.0% in January 2020 (HICP: 2.2%)PDF35 KB
14.02.2020Slight cost increases in almost all construction branches in January 2020PDF81 KB
10.02.2020Increasing construction prices for all branches in 2019PDF82 KB
07.02.2020Wholesale price index increased by 0.7% in January 2020PDF34 KB
30.01.2020Annual rate of industrial producer prices was 0.1% higher in 2019 than in 2018PDF39 KB
17.01.2020Average annual inflation rate of consumer prices at +1.5% in 2019 (HICP: 1.5%)PDF141 KB
17.01.2020Inflation increased to 1.7% in December 2019 (HICP: 1.8%)PDF34 KB
15.01.2020Increasing construction costs for all construction branches in 2019PDF80 KB
07.01.2020Wholesale price index 2019 remained unchanged compared to 2018PDF82 KB



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