Austrian Inflation Rate Slightly Down

BusinessEconomy ♦ Published: August 16, 2012; 16:28 ♦ (Vindobona)

Slight decrease of consumer price inflation to 2.1% in July 2012. In the Eurozone, inflation is stable at 2.4%.

Austrian Inflation Rate Slightly Down / Picture: © Vindobona.org

The annual inflation rate of the consumer price index (CPI 2010) measured by Statistics Austria was 2.1% in July (June 2.2%, May 2.1%). Moderately rising food and fuel prices (each +3% against July 2011) led to a fairly constant annual rate of change of about 2% for the third month in a row. Price increases for "housing, water and energy" remained the key driver of inflation. The all…