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Inflation in May at 3.3 percent

Inflation in May at 3.3 percent
Prices in the catering industry rose significantly. (Symbolic photo)

Housing and energy in particular have driven up prices less than before. But price increases for food were also below average. However, prices in the catering trade rose significantly, as Statistics Austria announced after a flash estimate. There was no price increase compared to the previous month.

Consumer price index also at 3.3 percent

The harmonized consumer price index (HICP), calculated according to European standards, was also 3.3 percent compared to the same month last year. According to the preliminary flash estimate, this corresponds to an increase of 0.1 percent compared to the previous month. “This means that Austria now has a lower inflation rate than Spain. There, the HICP rose to 3.8 percent in May,” said Finance Minister Magnus Brunner (ÖVP) in a statement. “Experts continue to assume that Austrian annual inflation will halve in 2024 compared to the previous year.”

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Inflation in May at 3.3 percent

Inflation in May at 3.3 percent

Prices in the catering industry rose significantly. (Symbolic photo) Housing and energy in particular have driven up prices less than before. But price increases for