In Austria, inflation slowed down in April

By: Trademagazin Date: 2024. 05. 20. 11:10

The rate of annual growth of consumer prices in Austria fell to 3.5 percent, the lowest since September 2021, in April following the previous month’s 4.1 percent, in accordance with the previously announced data, according to the final data published by the Austrian Statistical Office (Bundesanstalt Statistik Österreich – STAT) on Friday.

The main contributor to the slowdown in annual inflation was that food and non-alcoholic beverages, restaurant and hotel services, housing and utility services, as well as recreational and cultural services became more expensive in an annual comparison.

On a monthly basis, consumer prices also rose by 0.1 percent, the slowest rate since July 2023, in April after the 0.5 percent increase in March.

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