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Inflation in Austria at its Lowest Level Since 2021
Inflation in Austria fell to 1.8 percent in September compared to the same month last year. This was the lowest figure for a good three and a half years, according to Statistics Austria.
Fuel and heating oil in particular had a dampening effect on prices. Gastronomy remains the most significant driver of inflation. / Picture: © Wikimedia Commons; Ralhof, CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0/deed.en)
In September 2024, inflation in Austria fell to 1.8 percent, the lowest level since February 2021. This marks a significant decline compared to the 2.3 percent recorded in August. The main reason for this development is the fall in fuel and heating oil prices, which had a dampening effect on inflation overall, according to Statistics Austria. Prices fell sharply in the transportation…
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