Inflation Reached 3.3% in 2011

BusinessEconomy ♦ Published: January 16, 2012; 19:08 ♦ (Vindobona)

Annual rate of the Consumer Price Inflation went up to +3.3 % (HICP: +3.6%) in the year 2011. Inflation in December went down slightly.

Inflation Reached 3.3% in 2011 / Picture: © Vindobona.org

In 2011, the average annual inflation rate of the Consumer prices measured by Statistics Austria was 3.3% (1.9% in 2010 and 0.5% in 2009). Hence, it even exceeded the value of 2008 (3.2%). The all item index (2010=100) amounted to 103.3 in the year 2011. During the whole year the price rise was dominated by mineral oil products and by increasing food prices.  The average annual…