According to a preliminary estimate by Statistics Austria, the inflation rate in Austria continues to fall. In the previous month, this was percent.
This is the lowest value since July 2021. In May, annual inflation stood at 3.4 percent. “Food and fuel prices in particular are currently driving inflation less than recently,” said Tobias Thomas, Managing Director of Statistics Austria, in a press release on Tuesday.
Price increases in the hospitality industry were also lower than in previous months, but would “still be significantly above average,” the head of Austrian statistics explained. According to a preliminary estimate, the harmonized inflation rate (HICP) for Austria, determined on the basis of comparisons with the eurozone, was 3.2 percent in June.
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.
