Tuesday, the Statistics Austria announced that the wholesale price index or WPI dropped 8.6% year-over-year in March, after falling 6.3% in February. This was the lowest level since 1964.

On a monthly basis, wholesale prices dropped 1% in March, after falling 0.6% in February.

In the first quarter, wholesale prices decreased 6.6% compared to the same period of the previous year.

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