Article Tools

Prices of Household Energy Up 9.8% in June

Published: July 19, 2011; 22:20 · (Vindobona)

Fuel, heating oil and gas were identified as main price drivers. Compared to the last month, a slight decline in energy prices was registered.

Prices of Household Energy Up 9.8% in June / Picture: © Vindobona.org

In June 2011, Austrian households had to pay 9.8% more for energy than in June 2010. This is the result of the latest energy price index (EPI) calculated by the Austrian Energy Agency. Fuel, heating oil and gas were identified as main price drivers. Compared to May 2011, prices of household energy fell by 0.5%.

Energy price hikes were clearly above the overall inflation rate. The consumer price index (CPI) in June increased by 3.3% year-on-year and remained unchanged against the previous month.

The price of premium grade-gasoline was 13.8% higher than in June 2010. The diesel price increased by 17.4% and the heating oil price by 15.7%. Only a slight upward trend was registered for electricity, with a plus of 0.2%. Prices of gas and district heating rose by 9.9% and 1.9%, respectively. Solid fuels were 3.3% more expensive on average.

Compared to May 2011, price increases were recorded for gas (+1.4%) and district heating (+0.3%). Prices of solid fuels and electricity remained stable. Premium-grade gasoline (-1.8%), diesel (-0.8%), heating oil (-0.2%) and wood briquettes (-1.4%) became less expensive.