Austria: Inflation Drops Again

Politics ♦ Published: February 24, 2014; 13:00 ♦ (Vindobona)

Inflation in Austria dropped to 1.5 percent in January due to the winter sales.

Austria: Inflation Drops Again / Picture: ©

The inflation rate in Austria dropped to 1.5 percent, down from 1.9 percent in December last year. Compared to the previous months prices dropped by 0.9 percent, mainly due to winter sales, as reported by Statistik Austria, the country’s statistical office.

Particularly declines in the prices for clothes as high as 1.0 percent year-on-year caused the inflation rate to drop…