Austria’s Inflation Rate Hits Highest Level Since March 2024
Abu dhabi: Austria’s inflation rate rose to 4.1% in August, compared to 3.6% in July, reaching its highest level since March 2024. The increase was mainly driven by rising prices for energy, food, and services. According to Emirates News Agency, data from the agency showed that energy, services, and food prices were the key factors fuelling the rise in overall prices. Statistics Austria Director General Manuela Lenk stated that almost all categories of expenditure contributed to the current inflation. She explained that the largest increase occurred in the energy sector, which rose by 5.9%, mainly due to higher electricity prices.