Highest Value in Months: Inflation in June at 3.3 Percent

In June, inflation rose to 3.3 percent compared to the same month last year, according to a quick estimate by Statistics Austria. This is the highest value since May 2024, the statistics office wrote in a release on Tuesday. In May, the inflation rate was at 3 percent. The main drivers of price increases were primarily the energy and food sectors, but also services. Core inflation - that is, inflation for industrial goods and services - was at 3.1 percent in June.

Inflation climbed to 3.3 percent according to quick estimate

In the energy sector, inflation was 3.5 percent. Fuel prices had a less price-reducing effect in June than recently, according to the statistics. Food, tobacco, and alcohol became 4.4 percent more expensive, services 4.3 percent. Industrial goods increased significantly less, with a rise of 0.9 percent.

According to a quick estimate by Statistics Austria, the Harmonized Consumer Price Index (HCPI) is at 3.2 percent.

(APA/Red)

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