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Financial News: Austria Inflation Rises In July

Austria Inflation Rises In July

08/19/2020 - 04:57:00 (RTTNews)

(RTTNews) - Austria's consumer price inflation rose in July, driven by higher prices of clothing, data from Statistics Austria showed on Wednesday.

The consumer price index rose 1.7 percent year-on-year in July, following a 1.1 percent climb in June.

Housing, water, energy prices grew 2.3 percent annually in July and prices for restaurants and hotels gained 3.3 percent.

Prices for food and non-alcoholic beverages increased 2.6 percent and those of clothing and footwear rose 3.5 percent.

Prices for message transmission, and transport fell by 2.0 percent and 2.5 percent, respectively.

On a monthly basis, consumer prices rose 0.2 percent in June.

The EU measure of inflation, which the harmonized index of consumer prices, rose 1.8 percent year-on-year in July, following a 1.1 percent increase in the prior month.

On a month-on-month basis, the HICP fell 0.1 percent in July.

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