Austria inflation rises to 9.3% in July

Austria inflation rises to 9.3% in July

Vienna (Portal) – In Austria, the inflation rate rose to 9.3 percent in July.

This is the highest rate of inflation since February 1975, as Statistics Austria announced on Thursday. Fuel prices are still the strongest factor, although the price increase here has stalled at a high level. But there have been noticeable price increases in the domestic energy and catering trade, he said.

The rise in the price of the mini shopping basket, which includes food and services as well as fuel, was 19.1% in July, more than double overall inflation, Statistics Austria head Tobias Thomas said. If you exclude fuel, energy, food, and food expenses, you arrive at an inflation rate of 3.7%.

(Reporting by Alexandra Schwarz-Goerlich. If you have any questions, please contact our editorial team at [email protected] (for politics and economics) or [email protected] (for businesses and markets). )