Image: GEORG HOCHMUTH (APA)
“The decline from 4.6 percent in January to 4.3 percent in February is primarily due to the fact that price pressure on food has eased significantly, and prices in restaurants have not risen quite as much as recently,” said Statistics -Austria General Director Tobias Thomas on Monday. “Fuel prices, on the other hand, which had fallen noticeably in the previous months compared to the previous year, have remained almost unchanged,” Thomas explained on Monday, according to the announcement.
Compared to the previous month of January, the price level rose by 0.7 percent. The Harmonized Inflation Rate (HICP) for Austria, determined for eurozone comparisons, was 4.2 percent in February.
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The price level of the micro shopping basket, which reflects daily shopping and mainly contains food, but also daily newspapers or coffee in the coffee house, rose by 5.4 percent year-on-year in February (January: +6.5 percent). The price level of the mini shopping basket, which represents a weekly purchase and includes food and services as well as fuel, rose by 4.9 percent year-on-year (January: +5.0 percent).
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