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Austria Inflation Slows In August

August 31, 2022

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Austria’s consumer price inflation eased for the first time in several months after a trend of steady growth that has persisted for more than a year in August, mainly due to fuel prices that fell significantly from the previous month, yet remain high.

Consumer price inflation slowed to 9.1 percent in August from 9.3 percent in July, preliminary estimates from Statistics Austria showed on Wednesday.

“This is mainly due to fuel prices, which continue to drive inflation, but have fallen significantly compared to July,” Tobias Thomas, director general at Statistics Austria, said.

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