In September, inflation in Austria fell – as expected in the flash estimate – from 2.3 percent in August to 1.8 percent. This means that inflation has fallen below the ECB target of two percent for the first time since April 2021.
The inflation rate of 1.8 percent is the lowest value in more than three and a half years. Compared to August, the average price level fell by 0.1 percent.
The fact that the general price level has now fallen to the lowest value since February 2021 is mainly due to cheaper fuel and heating oil prices compared to the previous year, Tobias Thomas, general director of statistics at Statistics Austria, said in his report. website
In the hospitality sector, price increases remained higher than headline inflation, while food prices rose less than headline inflation but have recently risen significantly again.
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.
