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Austria: Minor Decrease of Inflation Rate
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: © Vindobona.org
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…
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