Inflation in Austria has continued to slow. Inflation in February was 4.3 percent – the lowest value since December 2021, confirming the flash estimate from the beginning of the month.
“The decline from 4.6 percent in January to 4.3 percent in February is mainly due to the fact that price pressure on food has decreased significantly and prices in restaurants have not increased as much as recently,” said Tobias Thomas , Managing Director of Statistics Austria. on Monday.
Fuel prices rose slightly again
Fuel prices, which had fallen significantly in recent months from the previous year, have remained virtually unchanged, Thomas continued. Compared to January, the price level here rose by 0.7 percent. The harmonized inflation rate (HICP) for Austria, determined based on comparisons with the eurozone, was 4.2 percent in February.
Shopping carts remain above average
The price level of the micro shopping basket, which represents daily purchases and mainly contains food, but also daily newspapers or coffee in the coffee house, increased by 5.4 percent on an annual basis in February (January: plus 6.5 percent). The mini shopping basket, which represents a weekly purchase and includes food and services in addition to fuel, increased in price by 4.9 percent (January: 5.0 percent).
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.
