After an increase in inflation in August, inflation in Austria is likely to decline somewhat in September. The reason is the particularly high price increases in September 2022, which means that inflation in September of this year will be corrected for this effect.
In August, inflation in this country was 7.4 percent. Statistics Austria will publish its latest flash estimate on Friday. The number is also important for collective labor agreements.
Austria is one of the countries in the eurozone with high inflation. According to a preliminary estimate, inflation in Germany fell to 4.5 percent in September, the lowest rate since the Russian attack on Ukraine.
In the eurozone it recently stood at 5.2 percent. A preliminary estimate of September consumer prices for the euro area will also be published on Friday. The European Central Bank (ECB) actually targets an inflation rate of 2 percent as the optimal value for the euro area economy.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
