Inflation Rate Decreased Slightly in May 2011

BusinessEconomy ♦ Published: June 16, 2011; 12:37 ♦ (Vindobona)

The Austrian inflation rate fell from 3.3% in April to 3.2% in May 2011. Mineral oil and food products remained the main price drivers.

Inflation Rate Decreased Slightly in May 2011 / Picture: © Vindobona.org

The annual inflation rate of the Consumer Price Index (CPI 2010) measured by Statistics Austria was 3.2% in May 2011 (April 3.3%, March 3.1%). As in April 2011, the all item index amounted to 103.4. Prices of mineral oil and food products remained at a high level.

The annual inflation rate in terms of the Harmonized Index of Consumer Prices (HICP 2005) was 3.7% in May 2011,…