Austria: Inflation Down to 1.7 Percent

BusinessEconomy ♦ Published: October 16, 2013; 11:00 ♦ (Vindobona)

In September the inflation rate dropped to 1.7 percent which is the lowest value since August 2010.

Austria: Inflation Down to 1.7 Percent / Picture: ©

Compared to August 2013, where the inflation rate was 1.8 percent, it only means a slight decrease. Without cheap fuel the inflation rate would have come at 2.0 percent as price increases were particularly high with heating oil (5.5 percent) and rents (3.0 percent). A significant increase in price could be seen with food as both dairy products and eggs increased by 4.3 percent. In…