Compared to October 2021, the average price level rose by 0.7 percent. This means that prices are currently increasing as much as they were last in May 1992.
“The further rise in fuel and energy prices drove inflation in November 2021 to the highest level in almost 30 years,” said Statistics Austria Director General Tobias Thomas, according to the announcement. Inflation is more than twice as high as the target value of the European Central Bank (ECB). The harmonized inflation rate (HICP) was 4.1 percent in November.
Without increases in fuel and household energy prices, inflation would have been 2.4 percent. Housing, water and energy cost an average of 5.3 percent more. In restaurants and hotels, an average of 4.3 percent more had to be paid. The prices for leisure and culture were increased by an average of 4.0 percent. Food and non-alcoholic beverages rose by an average of 1.6 percent. Message transmission, on the other hand, became cheaper by an average of 2.2 percent.
Source: Nachrichten
