In January 2025, prices rose by 3.3 percent in the year. Compared to December 2024, they rose by 1.1 percent and came from the rapid estimate of the Austria statistics. In the annual comparison, the price leaders include the service sector with an increase of 4.7 percent, as well as the energy with an increase of 3.7 percent.
Inflation -on the other hand, the price development among industrial goods with a price increase of 0.9 percent.
The price increase for energy was predictable: “The leap to 3.3 percent after 2.0 percent in December 2024 is due to the fact that price damping measures such as the brakingrem of the electricity price in January 2025 are no longer effective, the network costs are automatically climbing And automatically climbing and the CO2 tax was also increased, “said Statistics Austria, general manager Tobias Thomas.
Prices for food, tobacco and alcohol also rose
And the high part of the wage costs ensured that the service area was the strongest inflation driver, Thomas added. Prices for food, tobacco and alcohol rose below average 2.7 percent. In industrial goods, the Austria statistics only registered a price increase of 0.9 percent in the year.
The EU-wide, harmonized consumer price index increased by 3.5 percent for January and 0.9 percent compared to the previous month. “In the further course of the year, falling inflation can be expected again,” said Thomas.
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.
