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Inflation Sank in December to 10,2 Percent
The inflation rate continues to drop in Austria. After a reduction in November to 10,6 percent, inflation dropped even further in December to 10,2 percent. However, experts are slowing the enthusiasm down for the moment.
The Inflation Rate Dropped to 10.2 Percent in December. / Picture: © Wikimedia Commons / Tim Reckmann from Hamm, Deutschland / CC BY (https://creativecommons.org/licenses/by/2.0)
Inflation slowed down to a high level at the end of 2022. According to a quick estimate by Statistics Austria, inflation in December was 10.2 percent, after 10.6 percent in November and 11.0 percent in October, the institution announced on Thursday. Director General of Statistics Austria Tobias Thomas said that the main reasons for the recent decline are the electricity price brake that…
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