Austria: Minor Decrease of Inflation Rate

BusinessEconomy ♦ Published: August 16, 2013; 12:11 ♦ (Vindobona)

Slight easening of inflation in Austria: Thanks to cheaper fuels and a lower upward trend in prices for food, the inflation rate in Austria decreased from 2.2 percent to 2.0 percent in July.

Austria: Minor Decrease of Inflation Rate / Picture: ©

Recently, such a low inflation rate was noted in April this year and was at the lowest level since autumn 2010. From June to July, the price level decreased by 0.5 percent on a monthly basis due to summer sales.

On a year-on-year comparison, fuel cost 0.6 percent less in July after – 1.4 percent in June, as published by Statistik Austria today. Prices for food increased by 4.4…