Rapid assessment
Inflation rises slightly to 1.9% in November
According to an initial estimate, prices in Austria were on average 1.9% higher in November than in November 2023. Compared to the previous month of October, the price level is expected to rise by 0.3%.
Kronen Zeitung als bevorzugte Google-Quelle hinzufügen "The slight increase after 1.8 percent in October is primarily due to the fact that energy prices are no longer dampening inflation quite as much," said Statistics Austria Director General Tobias Thomas according to the press release.
Services as a driver of inflation
"The strongest driver of inflation in November was once again the services sector, where prices rose by 4.4 percent year-on-year," said the head of statistics. "The rise in prices for food, tobacco and alcohol also remained above the general inflation rate with an increase of 2.5 percent."
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