16. 08. 12. - 17:09
Inflation sinks slightly in July
The inflation rate in Austria dropped slightly in July according to new figures revealed by Statistics Austria today (Thursday).
The rate dropped from 2.2 per cent in June to 2.1 per cent in July.
A moderate rise in food and fuel prices (3 per cent of the annual rate in comparison to 2011) means there has been a constant inflation rate over just over 2 per cent for the third month in a row.
The largest rises in costs are for living costs ‘Rent, water and energy’. These have risen by 3.5 per cent.
The rise in these costs is the reason for one third of the inflation.
There were increases in prices of household energy on average 4.2 per cent.
Rental of apartments rose by 4.8 per cent. Running costs for apartments rose by 2.4 per cent.
There was an average increase in food and non alcoholic drinks by 3.1 per cent. Meat and meat products rose by 3.7 per cent, bread products by 3.8 per cent. However fruit became 4.2 per cent cheaper.
Non alcoholic drinks went up by 4.1 per cent and coffee increased by 6.9 per cent.