Inflation increased to 5.0% in January 2022 (HICP: 4.5%)
"At the beginning of 2022, the year-on-year inflation rate rose to 5%, the highest level since December 1984. The increase in fuel prices was somewhat less massive in January than in December 2021, but still made a significant contribution to inflation. The price increase for household energy remained unbroken. Compared to the previous month, prices fell by 0.1% on average," explains Statistics Austria Director General Tobias Thomas.
The index level of the harmonised index of consumer prices (HICP 2015) was 113.92 in January 2022 with a harmonised inflation rate at 4.5%.
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