Rapid Increase in Household Energy Prices

Business › Economy ♦ Published: August 29, 2011; 13:11 ♦ (Vindobona)

Austrian energy prices rose by 10.9% year-on-year. Diesel and gasoline were main drivers with a plus of 19.3% and 14.2%, respectively.

Rapid Increase in Household Energy Prices / Picture: © Vindobona.org

In July 2011, Austrian households had to pay 10.9% more for energy than in July 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 June 2011, prices of household energy increased by 0.3%.

Energy price hikes were clearly above the overall inflation…

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