In the case of services, prices no longer rise so quickly. However, the situation is different, for example for security and security services.
Producer prices for services rose by 2.6 percent in the 1st quarter compared to the previous year. In the 4th quarter of 2024, the annual increase was 3.7 percent, even 4.1 percent in the 3rd quarter of 2024, as Austria statistics announced on Friday.
The plus in the 1st quarter of 2025 represents the lowest increase since the start of the survey in 2022, according to Thomas Burg, specialized statistical manager of the Statistics Austria, in a broadcast.
That will be much more expensive
There was an increase of more than 4 percent, for example in shipping, architecture and engineering offices, technical, physical and chemical research, for security and security services, as well as detective agencies, in the maintenance of buildings, in gardening and landscape architecture.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
