Austria’s wholesale prices rose 0.7% month-over-month in February, matching January’s pace and outpacing the 12-month average. Upward momentum persists after a volatile 2025.
Austria Wholesale Prices MoM: February Print Signals Persistent Upward Pressure
Big-Picture Snapshot
- Drivers this month:
- Energy products: +0.22pp
- Foodstuffs: +0.18pp
- Machinery: +0.09pp
- Metals: +0.06pp
- Policy pulse: February’s 0.7% rise sits well above the Austrian National Bank’s price stability comfort zone, which targets subdued wholesale inflation.
- Market lens: Eurozone bond yields edged higher on the print, as traders recalibrated inflation expectations. The back-to-back 0.7% gains in January and February have shifted sentiment, with market participants now more cautious on rate cut timing.
Foundational Indicators
- February 2026: 0.7% MoM (actual)
- January 2026: 0.7% MoM (previous)
- December 2025: 0.9% MoM
- 12-month average (Mar 2025–Feb 2026): 0.13% MoM
- Lowest in past 12 months: -0.9% (January 2026)
- Highest in past 12 months: 0.9% (December 2025)
- YoY (Feb 2025 vs. Feb 2026): +1.1pp
Chart Dynamics
What This Chart Tells Us: Austria’s wholesale price index has rebounded sharply from negative territory, with the last three months showing sustained upward momentum. The back-to-back 0.7% gains signal persistent cost pressures, raising questions about the durability of disinflation trends seen earlier in 2025.
Forward Outlook
- Bullish scenario (20–30%): Wholesale prices continue rising above 0.5% MoM, driven by energy and food, with spillover into consumer inflation.
- Base case (50–60%): Monthly changes moderate toward the 0.2–0.3% range as supply chains stabilize and commodity costs ease.
- Bearish scenario (10–20%): Renewed declines below zero if global demand falters or energy prices retreat sharply.
Data source: Statistik Austria, Sigmanomics database. Methodology: Official wholesale price index, seasonally adjusted, MoM calculation. Upside risks include further energy shocks; downside risks stem from external demand weakness and currency appreciation.
Closing Thoughts
- Market lens: Euro strengthened modestly against peers after the release, reflecting recalibrated inflation expectations. Traders are watching for signs of persistent cost pass-through to consumers.
- Recent volatility in Austria’s wholesale prices highlights the sensitivity of the index to global commodity swings and domestic supply factors. The current streak of positive prints keeps inflation risks on the radar for policymakers and investors alike.
Key Markets Reacting to Wholesale Prices MoM
Austria’s wholesale price data influences a range of asset classes, from equities to currencies. The latest readings have sharpened focus on inflation-sensitive sectors and cross-border capital flows. Below are key tradable symbols with direct or indirect exposure to Austria’s wholesale price trends.
- AAPL: Sensitive to European supply chain costs and wholesale price shifts.
- EURUSD: Directly reflects eurozone inflation surprises and monetary policy recalibration.
- BTCUSD: Sometimes trades as an inflation hedge, with price action linked to macro volatility.
| Indicator | EURUSD Correlation (2020–2026) |
|---|---|
| Wholesale Prices MoM (AT) | +0.41 (moderate positive correlation) |
FAQ
- What does Austria’s February Wholesale Prices MoM figure indicate?
- Austria’s wholesale prices rose 0.7% month-over-month in February, matching January’s pace and signaling persistent cost pressures in the supply chain.
- How does the latest print compare to recent trends?
- The February reading is well above the 12-month average of 0.13%, and marks the second consecutive month at 0.7% after a volatile 2025.
- Why is Wholesale Prices MoM important for markets?
- This indicator tracks upstream inflation and can foreshadow consumer price trends, impacting monetary policy and asset prices across sectors.
Austria’s wholesale price momentum remains elevated, keeping inflation risks in focus for policymakers and investors.
Updated 3/6/26
This has been drafted with AI assistance and then thoroughly reviewed, refined, and approved by our human editorial team to ensure accuracy, and originality.
- Statistik Austria, Wholesale Price Index, official release, accessed 3/6/26.
- Sigmanomics Economic Database, Austria Wholesale Prices MoM, 2025–2026 series.
February’s 0.7% MoM increase matched January’s pace, both well above the 12-month average of 0.13%. December’s 0.9% marked the recent peak, while the series saw a sharp dip to -0.9% in January before rebounding. The last six months show a pronounced swing: October 2025 at 0.3%, November at -0.3%, December at 0.9%, January at -0.9%, and now two consecutive 0.7% prints.
Compared to the same period last year, wholesale prices have accelerated, with February’s reading up 1.1 percentage points year-over-year. The volatility since mid-2025 underscores shifting supply chain and commodity cost dynamics.