Further Decrease of Inflation to 1.7% in August

Business › Economy ♦ Published: September 17, 2014; 14:00 ♦ (Vindobona)

The annual inflation rate of the consumer price index slowed down to 1.7% in August 2014 (July 1.8%).

Further Decrease of Inflation to 1.7% in August / Picture: © Vindobona.org

The annual inflation rate of the consumer price index measured by Statistics Austria slowed down to 1.7% in August 2014 (July 1.8%).

This slight decline was primarily due to significant price reductions for clothing items compared to August 2013.

In addition, fuel prices slowed down even more than in July.

Expenditures for "housing, water, energy" were an…

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