Contrary to the trend in the entire euro zone, inflation in Austria accelerated once more at the beginning of the year. At 11.2 percent in January, it reached its highest level since 1952. The price increase was driven by expensive household energy, where high grid costs caused costs to rise. “But there were also price increases for many other goods and services, such as food,” said Statistics Austria boss Tobias Thomas on Thursday and added. “The price pressure on fuel, which fell at the end of the year, did not ease any further in January.”
