Austria: Slight Increase of Inflation to 1.9% in June 2014

BusinessEconomy ♦ Published: July 17, 2014; 14:45 ♦ (Vindobona)

The annual inflation rate of the consumer price index measured by Statistics Austria went up to 1.9% in June 2014 (May 1.8%).

Slight Increase of Inflation to 1.9% in June 2014 / Picture: © Vindobona.org

This small increase was mainly due to the continuing upward trend in the division "restaurants and hotels".

With an annual rate of +1.8% in June 2014 "food" was lower than the all item inflation for the first time since April 2012.

The division "housing, water, energy" was again the most important price driver.

The level of the consumer price index (VPI 2010) came…