Inflation is likely to have eased somewhat in September

2023-09-28 20:09:00

The reason is particularly high price increases in September 2022, which adjusts inflation for this effect in September this year. In August, inflation in this country was 7.4 percent. Statistics Austria will publish its latest flash estimate on Friday. The number is also important for collective bargaining negotiations.

Austria is one of the countries in the Eurozone with high inflation. According to a flash estimate, inflation in Germany fell to 4.5 percent in September, the lowest value since Russia’s attack on Ukraine. In the Eurozone it was most recently at 5.2 percent. An advance estimate of consumer prices for September for the euro area will also be published on Friday. The European Central Bank (ECB) actually aims for inflation of 2 percent as the optimal value for the economy in the euro area.

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