Annual inflation in Austria in July was the highest in 47 years – 9.3 percent

VIENNA, 18 Aug – Annual inflation in Austria in July was the highest since February 1975 – 9.3%, according to preliminary data from the federal statistical office Statistik Austria.

“In July 2022, the inflation rate rose to 9.3%. This is the highest inflation rate since February 1975,” said Tobias Thomas, CEO of Statistik Austria.

He noted that, first of all, the prices for fuel, domestic energy, food products and in the field of public catering increased.

“Price increases are especially noticeable in weekly purchases: the price of the mini-basket, which, in addition to food and services, also contains fuel, rose by 19.1% in July, i.e. twice the headline inflation,” Tobias said. Thomas.

  • Annual inflation in Austria in June was the highest since September 1975, reaching a level of 8.7%.

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