Inflation in Might at 3.3 p.c

Housing and vitality particularly have pushed up costs lower than earlier than. However value will increase for meals had been additionally under common. Nonetheless, costs within the catering commerce rose considerably, as Statistics Austria introduced after a flash estimate. There was no value enhance in comparison with the earlier month.

Client value index additionally at 3.3 p.c

The harmonized client value index (HICP), calculated in line with European requirements, was additionally 3.3 p.c in comparison with the identical month final 12 months. Based on the preliminary flash estimate, this corresponds to a rise of 0.1 p.c in comparison with the earlier month. “Which means that Austria now has a decrease inflation fee than Spain. There, the HICP rose to three.8 p.c in Might,” mentioned Finance Minister Magnus Brunner (ÖVP) in a press release. “Specialists proceed to imagine that Austrian annual inflation will halve in 2024 in comparison with the earlier 12 months.”

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