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Inflation fell to 4.5 percent in January, its lowest level since 2021

Inflation fell to 4.5 percent in January, its lowest level since 2021
Inflation fell to 4.5% in January, its lowest level since 2021 (symbolic image)
Image: APA

The inflation rate for January is expected to be 4.5 percent, after 5.6 percent in December, according to calculations by Statistics Austria as part of a flash estimate. Inflation has thus fallen to its lowest level since December 2021.

  • You might also be interested in: No reduction: ECB leaves key interest rate at 4.5 percent

The reason for the decline was less rising energy prices, with electricity prices in particular having a dampening effect.Vienna. In many other areas, prices have also risen less sharply than recently, said Statistics Austria General Director Tobias Thomas on Thursday, according to a broadcast.

“Rates could be more than halved”

“The inflation rate has already been more than halved since its peak a year ago. For 2024, the experts expect a further halving compared to 2023,” said Finance Minister Magnus Brunner (ÖVP).

  • Also read: Seven questions and answers about the stock market game [OÖNplus]

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