Inflation in May Slightly Decreased

The inflation rate for May 2025 is expected to be 3.0 percent, down from 3.1 percent in April of this year.

Inflation in May slightly decreased to 3.0 percent

Services remained the main price drivers, with an annual increase of 4.4 percent. Food, tobacco, and alcohol became more expensive by 3.3 percent. The increase in energy prices was 1.3 percent, as the significantly cheaper fuel prices compared to the previous year mostly offset the impact of the increased electricity prices.

According to the flash estimate by Statistics Austria released today, industrial goods became more expensive by 0.8 percent. Core inflation, which includes services and industrial goods, was 3.1 percent in May.

FPÖ blames government for high inflation

For the FPÖ, the government is to blame for the high inflation compared to the rest of Europe. "For comparison: In Switzerland, inflation has already fallen into the negative range, in Spain and Italy it is only 1.9 percent, and in the entire Eurozone it dropped to 1.9 percent. A third year of recession with simultaneously high, self-inflicted inflation is a very unpleasant mix that this black-red-pink government simply cannot get under control," criticized FPÖ General Secretary Michael Schnedlitz. It is now taking its toll that the ÖVP and Greens accepted the expiration of important relief measures at the end of 2024.

(APA/Red)

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