Inflation in Austria drops to 2.9 percent – electricity remains price driver – Diepresse.com

The inflation rate in Austria in March compared to the same month last year, the statistics Austria said on Wednesday. In January and February it was 3.2 percent. According to the information, the inflation of the inflation made the information in particular cheaper fuels, plane tickets and package tours. Electricity remained the most persistent price driver, not least because the electricity price brake that still worked a year ago.

In the gastronomy, prices rose twice as strong as general inflation last month, according to the statistics Austria. The price increase was below for food.

Apartment, rent, water, energy more expensive

The prices for apartment, water, energy rose by 5.2 percent and thus as strong as in February. The main bearer of this inflation was the budgetary energy, which was reflected with an inflation of 8.3 percent – and thus even more than in February with 8.0 percent. In turn, electricity prices exploded by 36.3 percent (February 35.7 percent).

The rental price brake for regulated rental conditions did not yet reach in March, which has been valid for April 1. Rents including new rentals became 4.1 percent more expensive in March.

The prices in inns and hotels increased an average of 5.8 percent. Expenditures for different goods and services rose by 4.3 percent.

When shopping, people in Austria had to dig deeper into the wallet. The cost of food and non -alcoholic drinks rose by 3.1 percent. In detail, oils and fats increased by 7.1 percent, coffee by 17.7 percent. Leisure and cultural activities also got more of the money again. On average, the prices here rose by 2.0 percent.

Features cheaper in the year

But not everything became more expensive. The fuel prices decreased by 6.5 percent per year. This dampened the overall inflation by 0.3 percentage points. Flag tickets were also somewhat cheaper at 2.7 percent – after there was still a strong increase of 13.7 percent in February. However, repairing the private vehicle cost 3.7 percent more. Used motor vehicles cost 3.2 percent more, new ones by 0.2 percent less.

ECB target of 2.0 percent in Austria exceeded 0.9 points

With the 2.9 percent inflation (VPI), statistics Austria boss Tobias Thomas sees an approximation step towards the 2.0 percent inflation goal of the European Central Bank (ECB). From February to March, the price level (according to the consumer price index, VPI) increased by an average of 0.2 percent according to the authority. (APA)