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Inflation in Austria drops to 3.2 percent

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Inflation in Austria drops to 3.2 percent in June. In May it was 3.7 percent. Fuel and heating oil are cheaper now. This slows the price rise. Food is also not expensive anymore.

Some things stay very expensive. Services cost more than last year. This includes restaurants and hotels. Doctors also cost more. Flight tickets cost much more.

Flights in Austria cost 14 percent more. Prices for flights in Germany also rise. Experts say taxes are the reason. Fees are also a reason. Few flights exist now. Cheap flights cost over 81 euros.

The future brings worries. The war in Iran can raise prices. Petrol and diesel could cost more soon. Experts expect higher inflation in July. This depends on the war.

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Definitions

Inflation
Inflation means money is worth less. Things get more expensive. You buy less for your money.
Service
A service is work for other people. Examples are a haircut or serving food.
Basket of goods
A list of many things. Experts track their price to see inflation.

People

Manuela Lenk
She leads the agency for statistics in Austria.
Josef Baumgartner
He is an expert for the economy.

Locations

Austria
A country in Europe. Experts measure prices here.
Iran
A country in the Middle East. War there affects oil prices.

Sources

Logo Standard
Standard

Inflation bei 3,2 Prozent: Abgehobene Ticketpreise machen Flugreisen teurer

Read now
Logo ORF
ORF

Inflation im Juni auf 3,2 Prozent gefallen

Read now
Logo Kurier
Kurier

Inflation im Juni auf 3,2 Prozent gesunken

Read now
Logo Kurier
Kurier

Wifo warnt: Inflation wird wieder anziehen

Read now

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