In June, prices in Austria rose less. The ="0" data-tooltip-term="Inflation" data-tooltip-explanation="Inflation means that money loses value. You get fewer goods for the same money. People also call this rising prices.">inflation rate fell to 3.2 percent. It was 3.7 percent in May. Energy became cheaper. This includes fuel and oil for heating. Energy prices rose by nearly 10 percent in May. In June, they rose by 5.4 percent.
Food and alcohol became less expensive. But there is one big price driver. That is the cost of services. These are tasks like haircuts or visits to restaurants. These prices rose by 4.4 percent. Industrial goods like washing machines cost almost the same.
The core inflation stayed at 3.3 percent. In all of Europe, inflation fell to 2.8 percent. The reason is lower oil prices worldwide. A war in the Middle East raised prices before. Now the situation is a bit better. Experts watch the markets with care.
