Inflation in Austria Dropped Down to +1.0% in December 2014

BusinessEconomy ♦ Published: January 19, 2015; 09:30 ♦ (Vindobona)

The annual inflation rate of the consumer price index measured by Statistics Austria went down to +1.0% in December 2014 (November +1.7%).

Inflation in Austria dropped down to +1.0% in December 2014 (HICP: +0.8%) / Picture: ©

The decline was mainly due to the sharp fall of fuel prices (–11.2% for motor fuel, –19.8% for heating fuel compared to December 2013).

The division "restaurants and hotels" was the most important driver of inflation.

The consumer price index (VPI 2010) in December 2014 was at 110.3.

Compared to the previous month (November 2014), the average price level…