Financial News: Austria Inflation Climbs To 13-month High

Austria Inflation Climbs To 13-month High

07/01/2025 - 06:56:00 (RTTNews)

(RTTNews) - Austria's consumer price inflation increased in June to the highest level in just over a year, a flash estimate from Statistics Austria showed on Tuesday.

The consumer price index climbed 3.3 percent year-over-year in June, faster than the 3.0 percent increase in May. This was the highest inflation rate since May 2024.

Moreover, the inflation rate is well above the European Central Bank's stability target of 2.0 percent.

The rise in inflation was mainly driven by a 3.5 percent rise in energy costs, as fuel prices had a much less dampening effect than recently. Prices for food, tobacco, and alcohol grew 4.4 percent annually in June, and costs for services were 4.3 percent higher.

On a monthly basis, consumer prices moved up 0.5 percent.

The EU measure of the harmonized index of consumer prices, or HICP, also rose at a faster rate of 3.2 percent versus a 3.0 percent increase in May. Monthly, the HICP increased 0.3 percent.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Construction Spending Dips Slightly More Than Expected In May (02 hr(s), 24 min(s), 46 sec(s) ago)
(RTTNews) - Construction spending in the U.S. decreased by slightly more than expected in the mont ...Full Story»

U.S. Job Openings Unexpectedly Climb To 7. 769 Million In May (02 hr(s), 35 min(s), 46 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Tuesday showed an unexpected increase by ...Full Story»

U.S. Manufacturing Index Inches Higher But Still Indicates Contraction In June (02 hr(s), 43 min(s), 46 sec(s) ago)
(RTTNews) - The Institute for Supply Management released a report on Tuesday showing a modest incr ...Full Story»

Portugal Industrial Output Recovers; Retail Sales Growth Improves (02 hr(s), 52 min(s), 46 sec(s) ago)
(RTTNews) - Portugal's industrial production expanded for the first time in three months in Ma ...Full Story»

Greece Manufacturing Growth Remains Solid In June (03 hr(s), 41 min(s), 46 sec(s) ago)
(RTTNews) - Greece's manufacturing activity logged a further strong improvement in June, drive ...Full Story»

Eurozone Inflation Hits ECB Target (04 hr(s), 26 min(s), 46 sec(s) ago)
(RTTNews) - Euro area inflation rose slightly to hit the European Central Bank's 2 percent tar ...Full Story»

Eurozone Manufacturing Sector Contraction Slows In June (05 hr(s), 01 min(s), 46 sec(s) ago)
(RTTNews) - Eurozone manufacturing activity contracted at a slower pace in June as output showed a ...Full Story»

UK Manufacturing Downturn Eases In June (05 hr(s), 43 min(s), 46 sec(s) ago)
(RTTNews) - The UK factory sector deteriorated at a slower pace in June as the decline in output, ...Full Story»