Compared to the previous month, the domestic price level increased by 0.3 percent, according to the preliminary calculation. Fuel and energy products remained the main drivers, “but food is also having an additional price-increasing effect,” said Statistics Austria boss Tobias Thomas on Friday.
The last time annual inflation in Austria was in October 1981 was 7.2 percent. It was even higher in April 1981 at 7.4 percent, it said.
According to the estimate, the harmonized index of consumer prices (HICP) for Austria, which is used to compare the euro area, was also 7.2 percent up on the same month last year and 0.6 percent up on March. Statistics Austria will report in detail on inflation in Austria on May 18th.
Source: Nachrichten
