Inflation Speeds Up in July

BusinessEconomy ♦ Published: August 17, 2011; 11:26 ♦ (Vindobona)

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: ©

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…