Austria: Still Low Inflation Rate

Austria: Still Low Inflation Rate / Picture: © Vindobona.org

In November the inflation rate remained just as low as in October at 1.4 percent. Prices for fuel did not drop as fast as in the previous month; however, the price increase for food weakened, according to today’s announcements by Statistik Austria.

In spite of the moderate relaxation of the prices, food was still 3.1 percent more expensive than in October when the increase since the beginning of 2013 was 3.9 percent. However, prices for fuels decreased by 5.4 percent after a drop of seven percent in October.