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Austria's Inflation Rate Hits 3.2% Due to Rising Energy Prices

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Austria's inflation rate climbed to 3.2% in August, up from 2.8% in July, driven primarily by a 26.3% year-on-year increase in fuel prices. This rise was largely due to higher fuel and heating oil prices, with the transport sector being the main driver of inflation. Despite recent record highs in diesel, heating oil, and gasoline, these have not yet been fully reflected in the August figures. The service sector also contributed significantly to the inflation rate, while a reduction in VAT on staple foods had an inflation-reducing effect, making food cheaper than last year.

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5 Sources

  1. Kleine Zeitung avatar

    Kleine Zeitung

    RSS / @kleinezeitung.at/rss

    Energiepreise treiben Österreichs Inflationsrate auf 3,2 Prozent Im Au...

  2. Krone.at avatar

    Krone.at

    RSS / @api.krone.at/v1/rss/rssfeed-google.xml?id=2311992

    Spritpreise höher - Inflation im August auf 3,2 Prozent gestiegen Die...

  3. Al Ittihad Newspaper avatar

    Al Ittihad Newspaper

    X / Twitter / @aletihadae

    RT @AletihadEconomy: ارتفاع أسعار الوقود وزيت التدفئة يدفع التضخم في ا...

  4. TOPNEWS AUSTRIA avatar

    TOPNEWS AUSTRIA

    Telegram / @topnews_at

    Teuerung steigt wieder: Inflation klettert auf 3,2 Prozent Nach dem R...

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