Electricity cheaper again: inflation fell to 4.5 percent in January

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Inflation fell to 4.5 percent in January. According to the Central Bureau of Statistics, this is the lowest value since 2021. In December inflation was 5.6 percent.

The main reason for the sharp decline was the reductions in household energy prices and especially in electricity prices. Fuel prices have also not risen as much as in previous months.

Significant price increases for rental prices and restaurants
However, there were still significant price increases for restaurants and hotels, averaging 9.1 percent. This made them the main driver of annual inflation.

Rents also increased by an average of 9.1 percent. Prices for food and non-alcoholic drinks increased by an average of 5.4 percent, slightly less than in December.

Source: Krone

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