Inflation falls to 1.9% in November

BusinessEconomy ♦ Published: December 16, 2010; 21:16 ♦ (Vindobona)

According to calculations by Statistik Austria, the inflation rate for November 2010 was 1.9% after 2.1% in October. Price drivers are energy and housing.

Inflation falls to 1.9% in November / Picture: ©

The slight decrease is mainly due to a more moderate price trend for petroleum products (+11% over the preceding year; influence on the inflation rate 0.47 percentage points), which in October was more pronounced (+15% compared with October 2009; influence at that time 0.62 percentage points).

The Consumer Price Index 2005 (VPI 2005) for the month of November 2010 was 110.0…