The inflation rate in Austria is the highest since July 1952

30.09.2022. / 15:30

VIENNA – The annual inflation rate in Austria could reach 10.5 percent, which is the highest level since July 1952, according to preliminary data from the Austrian Statistical Office.

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“The inflation rate has exceeded the values ​​from the time of the oil crisis of the seventies and has now reached the highest level since July 1952, when it was 14.1 percent”the announcement states.

The same source states that the main cause of rising inflation is the sudden increase in the prices of fuel and energy for households.

The inflation rate in August was 9.3 percent, the highest since February 1975.

The final data on inflation in September will be published on October 19, according to RIA Novosti. A doe


Source: Capital.ba – Informacija je capital by www.capital.ba.

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