Inflation wave in Austria: Inflation jumps to 9.8 percent in April

Inflation wave in Austria: Inflation jumps to 9.8 percent in April

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Image: Scharinger

In March, the inflation rate was 9.2 percent. Month-on-month, consumer prices rose by 0.8 percent. Inflation is increasingly picking up speed in the areas of leisure, travel and services,” said Statistics Austria Director General Tobias Thomas.

In contrast, the prices for fuel and heating oil are again lower than a year ago, Thomas said on Tuesday according to the announcement. The Harmonized Index of Consumer Prices (HICP) increased by 9.6 percent in April compared to the same month last year. According to a preliminary flash estimate, the HICP rose by 1.0 percent compared with March.

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