The industrial producer prices rose in March by 1.2% compared to February.
The fall in industrial producer prices on the annual level confirms the continuation of deflationary trends for 23 months in a row, Raiffeisenbank Austria analysts say in their comment.
Weakened domestic demand coupled with deflationary pressures on foreign commodity markets on the back of lower crude oil prices, will also exert the same pressure on the industrial producer price index in the coming period, RBA analysts say.