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Austria: Inflation Rate on Lowest Level in Three Year
In August, food became significantly more expensive while the prices for fuel decreased 4.7 percent. The inflation rate dropped 1.8 percent.
Austria: Inflation Rate on Lowest Level in Three Year / Picture: © Vindobona.org
The consumer prices in August increased at a lower rate than the previous month. The inflation rate decreased from 2 percent in July to 1.8 percent which is the lowest rate in three years. In August 2010 it was the last time the inflation rate stood at the same level. The main driver for the weaker price movement, according to the recent data of Statistik Austria, was the lower prices…
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