Inflation Rate Increases to 3.3%

BusinessEconomy ♦ Published: May 16, 2011; 15:59 ♦ (Vindobona)

The highest inflation rate in Austria since 2008 is mainly due to price increases of oil products and groceries.

Inflation Rate Increases to 3.3% / Picture: ©

During April, the Austrian inflation rate has continued to grow. Year-on-year, prices increased by 3.3% compared to only 3.1% in March. This is the highest rate since September 2008 with then 3.8%. The main factor for this development is the expensive oil and food products; the latter’s prices having increased by 3.7% over the year.

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