City
Epaper

Austria's inflation remained above 9% in Aug

By IANS | Updated: September 17, 2022 10:10 IST

Vienna, Sep 17 Inflation in Austria remained over the high level of 9 per cent in August.Statistics ...

Open in App

Vienna, Sep 17 Inflation in Austria remained over the high level of 9 per cent in August.

Statistics Austria said on Friday that at 9.3 per cent, inflation in August was 0.1 percentage points lower than the revised July inflation rate of 9.4 per cent, reports Xinhua news agency.

However, energy and food prices have continued to soar despite anti-inflation government policies, it added.

The slight month-on-month decline was due to fuel prices, which fell by 10.4 per cent compared to July.

However, although Statistics Austria said the August inflation rate would have stood at 9.9 per cent without the decline in fuel prices, they remain the strongest driver of annual inflation.

"The trend of rising prices remained unbroken for household energy, food and restaurants," said Tobias Thomas, director general of Statistics Austria.

The Austrian government has introduced several packages of measures to combat inflation, including increasing social benefits for the unemployed and other vulnerable groups.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: austriaXinhuaViennaTobias thomasStatistics austriaRepublic of austria
Open in App

Related Stories

InternationalMajor UK Railway Stations Hit by Cyber Attack; Network Rail Suspends Wi-Fi Service

MumbaiMumbai Girls Win Silver, Bronze Medals at Vienna International Arts Festival 2024

EntertainmentCheck Out: Katrina Kaif Captures Husband’s Heart and a Perfect Pic

NationalPM Narendra Modi Arrives at Palam Airport in Delhi After Concluding Russia and Austria Visit (Watch Video)

InternationalPM Narendra Modi Invites Austrian Companies To Invest in India

Politics Realted Stories

Maharashtra'Unity Not Just for Elections': MNS Leader Sandeep Deshpande on Possible Thackeray Alliance

PoliticsMurshidabad Violence: Shehzad Poonawalla Slams Yusuf Pathan Over Tea Post, Says, “As Hindus Get Slaughtered…”

PoliticsTamil Nadu Assembly Elections 2026: BJP-AIADMK Join Hands, Palaniswami To Lead Alliance, Says Amit Shah

Politics‘No Injustice to Muslims’: Shiv Sena Leader Manisha Kayande Slams Opponents of Waqf Amendment Bill

NationalParliament Passes Waqf Amendment Bill: Two JDU Leaders Resign Over Party's Support