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Inflation Speeds Up in July
Consumer price inflation rose to 3.5% in July, the highest value since September 2008. Mineral oil products remained the main price driver.
Inflation Speeds Up in July / Picture: © Vindobona.org
The annual inflation rate of the Consumer Price Index (CPI 2010) measured by Statistics Austria increased to 3.5% in July 2011 (June, May, April: 3.3%). This value, the highest since September 2008 (3.8%), was mainly driven by price development of mineral oil products. Without mineral oil products July's inflation rate would have amounted to 2.7%.
The all item index amounted to…
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