Compared to the previous month of October, the price level is expected to rise by 0.3 percent. "The slight increase after 1.8 percent in October is primarily due to the fact that energy prices no longer dampen inflation as much," said Statistics Austria Director General Tobias Thomas in a statement.
Inflation in Austria Slightly Increases in November
29-11-2024, 09:33
A quick estimate for November sees an increase in inflation. According to this, prices in this country were on average 1.9 percent higher than in November of the previous year.
Quick Estimate: Increase in Inflation in November
"The strongest driver of inflation in November was again the service sector, where prices increased by 4.4 percent over the year," said the head of statistics. "The price increase for food, tobacco and alcohol also continues to be above the general inflation rate with a plus of 2.5 percent."
(APA/Red)
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