Financial News: Austria Inflation Rises More Than Estimated

Austria Inflation Rises More Than Estimated

08/20/2025 - 03:44:00 (RTTNews)

(RTTNews) - Austria's consumer price inflation increased more than initially estimated in July to the highest level in more than a year, the latest data from Statistics Austria showed on Wednesday.

The consumer price index climbed 3.6 percent year-over-year in July, faster than the 3.3 percent increase in June. This was the fastest increase since April 2024.

In the flash estimate, the inflation rate was 3.5 percent.

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 5.7 percent rise in housing and energy costs, followed by a 5.6 percent spike in charges at restaurants and hotels. Food prices alone rose 5.2 percent annually in June, and costs for recreation and culture were 3.9 percent higher.

On a monthly basis, consumer prices moved up 0.3 percent, revised from 0.2 percent.

The EU measure of the harmonized index of consumer prices, or HICP, also rose at a faster rate of 3.7 percent versus a 3.2 percent increase in June. In the initial estimate, the HICP climbed 3.6 percent.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Taiwan Export Orders Rise 15.2% In July (01 hr(s), 11 min(s), 29 sec(s) ago)
(RTTNews) - Taiwan's export orders increased for the sixth successive month in July, according ...Full Story»

UK Inflation Hits 18-Month High (01 hr(s), 21 min(s), 29 sec(s) ago)
(RTTNews) - UK consumer price inflation accelerated to an 18-month high in July on airfares and fo ...Full Story»

German Producer Prices Fall 1.5% (01 hr(s), 46 min(s), 29 sec(s) ago)
(RTTNews) - Germany's producer prices declined for the fifth straight month in July amid cheap ...Full Story»

New Zealand Hints At More Interest Rate Cuts (02 hr(s), 25 min(s), 29 sec(s) ago)
(RTTNews) - The Reserve Bank of New Zealand reduced its key interest rate by 25 basis points to a ...Full Story»

Austria Inflation Rises More Than Estimated (02 hr(s), 24 min(s), 29 sec(s) ago)
(RTTNews) - Austria's consumer price inflation increased more than initially estimated in July ...Full Story»

Denmark GDP Grows 1.3% In Q2 (03 hr(s), 06 min(s), 29 sec(s) ago)
(RTTNews) - The Danish economy rebounded in the second quarter on the back of strong growth in t ...Full Story»

UK Inflation Accelerates To 3.8% (03 hr(s), 42 min(s), 29 sec(s) ago)
(RTTNews) - UK consumer price inflation accelerated in July on higher transport cost, data from th ...Full Story»

European Economic News Preview: UK Inflation Data Due (04 hr(s), 06 min(s), 29 sec(s) ago)
(RTTNews) - Consumer prices from the UK and the euro area due on Wednesday, headlining a light day ...Full Story»