The situation is getting worse – 8.0 percent: inflation at highest level since 1975

Date:

Inflation has continued to rise in Austria: according to a quick estimate by Statistics Austria, inflation would have risen to 8.0 percent in May, from 7.2 percent in April. This is the highest value since September 1975, Statistics chief Tobias Thomas said Tuesday.

The main drivers continued to be price increases for energy and fuel. Compared to the previous month, the domestic price level has risen by 1.1 percent according to the preliminary calculation.

According to estimates, the Harmonized Index of Consumer Prices (HICP) for Austria, which is used for comparisons in the eurozone, was 8.1 percent higher than the same month last year and 1.0 percent higher than in April. Statistics Austria will report extensively on inflation in Austria on 17 June.

Source: Krone

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

The mayor of Vitoria asks to investigate posters on Vox migration as a crime of hatred

"Zero -Tolerance with racism," said Mayor Mider Etxebarria about...

“Krone” knows the plan – that is in the large energy reform of Chancellor Stocker

ÖVP Chancellor Christian Stocker is planning no less than...

Pradales increases an exceptional investment mechanism in electrical networks

Pradales is therefore planning to "unbridled and promote" the...