Inflation in Austria rose to 3.3 percent in February, after 3.2 percent at the start of the year. Compared to January, prices rose by 0.6 percent, the Austria statistics said in a rapid estimate on Monday.
As the most important price for the price compared to February 2024, the services turned out to be 4.5 percent with an increase. Because your share in the consumer price index is almost half, you have driven inflation at 2,165 percentage points.
Expensive network costs, no more electricity price brakes
Inflation was also powered by considerably higher energy prices. On the one hand, the brakingrem of the electricity price failed, on the other hand, network costs and CO2 tax rose. As a result, prices rose by 3.4 percent at the annual distance.
Food has become less expensive
However, the price increases of food and other goods were under inflation. The price increase of food, tobacco and alcohol was 2.8 percent considerable under general inflation. Industrial goods dampen inflation with an increase of only 1.3 percent.
The consumer price index (HVPI) harmonized according to the European standard shows an inflation of 3.5 percent at the annual distance and compared to the previous month of 0.6 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.
