2024-02-22 08:02:58
Austria started 2024 with a declining inflation rate. According to Statistics Austria, goods and services cost 4.5 percent more in January than a year ago, which is the lowest value since the end of 2021. In December, price inflation was still at 5.6 percent. The decline is largely due to household energy prices – especially electricity prices, which were significantly higher a year ago due to the sharp increase in network costs. “There continued to be significant price increases in restaurants and hotels,” says Statistics Austria General Director Tobias Thomas.
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