Less price pressure on household energy and fuel was responsible for the decline. On the other hand, the price spiral continued, especially in the catering trade, and inflation is also still noticeable at the supermarket checkout. Food prices have increased by 16.5 percent year-on-year, according to data from Statistics Austria.
Austrians clearly notice inflation when they do their daily or weekly shopping. Daily shopping, which includes food and daily newspapers as well as coffee in the coffee house, rose by a whopping 15.3 percent in February compared to February 2022. Weekly purchases, which also include fuel, rose by 11.7 percent year-on-year. You also have to pay an average of 13.4 percent more at the inn than a year ago.
Although energy prices are still significantly higher than in the previous year, they have weakened compared to the months before. Although household energy prices rose by 37 percent in February, the increase in January was almost 52 percent.
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