Austria Inflation Climbs To 11.1%

RTTNews | 893 days ago

(RTTNews) - Austria's consumer price inflation accelerated for the first time in four months in January, driven by strong increase in household energy prices, preliminary figures from Statistics Austria in Vienna showed Wednesday.

The consumer price index, or CPI, rose 11.1 percent year-on-year following a 10.2 percent increase in December.

The main reasons for the rise in inflation at the start of the year were the strong price increases for household energy, despite the electricity price brake, the statistical office said.

"The background is that the measures to contain network costs, which have now risen sharply, are not expected to take effect until March," Statistics Austria Director General Tobias Thomas said.

"In spite of the electricity price brake, the full value-added tax also applies."

Fuel prices rose comparatively slightly in January.

Compared to the previous month, the CPI rose 0.8 percent in January following a 0.2 percent increase in December.

The harmonized index of consumer prices, or HICP, climbed 11.5 percent annually after a 10.5 percent rise in December. On a month-on-month basis, the EU measure of inflation increased 0.8 percent following a 0.3 percent fall in the previous month.

Statistics Austria is set to release detail data for January CPI inflation on February 23.

Tags: EUR

German Exports Decline As Tariff Treats Damp Demand From US

Germany's exports declined for the second straight month in May due to a sharp fall in demand from the US amid tariff threats, data from Destatis revealed on Tuesday. Exports decreased by more-than-expected 1.4 percent month-on-month in May, following April's 1.6 percent fall. Economists had forecast a 0.2 percent drop. Imports slid 3.8 percent from last month.

RTTNews | 5 days ago

Eurozone Retail Sales Drop For First Time In 5 Months; Services Output Fall

Euro area retail sales decreased for the first time in five months and services production declined in May, suggesting a slowdown in the second quarter. Retail sales logged a monthly fall of 0.7 percent in May, reversing April's 0.3 percent increase, Eurostat reported Monday. Sales were expected to drop 0.8 percent. Another data from Eurostat showed that services production decreased 0.3 percen

RTTNews | 6 days ago

Eurozone Investor Confidence Strongest In More Than 3 Years

Eurozone investor confidence rose to the highest level in more than three years in July suggesting that fears of recession triggered by the US tariff shocks are completely off the table, survey data from the behavioral research institute Sentix showed on Monday. The investor confidence index advanced to 4.5 in July from 0.2 in June. The reading was the highest since February 2022 and also stayed

RTTNews | 6 days ago

German Industrial Production Rebounds In May

Germany's industrial production rebounded in May driven by robust demand for automobile and pharmaceutical products, official data revealed on Monday. Data released by Destatis showed that industrial production grew 1.2 percent in May from a month ago, confounding expectations for a decline of 0.6 percent. Output in April was revised down to show a 1.6 percent fall compared to the 1.4 percent d

RTTNews | 6 days ago

German Factory Orders Log Bigger-Than-Expected Fall

Germany's factory orders declined more than expected in May on falling demand from both the domestic market and other euro area economies, official data revealed on Friday. Factory orders decreased 1.4 percent from a month ago, Destatis reported. Orders were expected to drop 0.2 percent after an upwardly revised 1.6 percent rise in April. Orders declined for the first time in four months.

RTTNews | 9 days ago

Eurozone Private Sector Expands More Than Estimated

The euro area private sector expanded more than previously estimated in June as both manufacturing and services sectors registered higher output, final survey results from S&P Global showed on Thursday. The HCOB final composite output index advanced to 50.6 in June from 50.2 in May. The reading was well above the flash estimate of 50.2.

RTTNews | 10 days ago

German Unemployment Climbs Less Than Expected In June

Joblessness in Germany rose in June but at a slower than expected pace, official figures revealed on Tuesday, as activity in the biggest economy in the euro area remains sluggish.

RTTNews | 11 days ago

Eurozone Inflation Hits ECB Target

Euro area inflation rose slightly to hit the European Central Bank's 2 percent target in June on slower fall in energy prices and the rise in services inflation, flash estimate from Eurostat showed on Tuesday. Annual inflation climbed to 2.0 percent in June from 1.9 percent in May. The rate reached the inflation target and also matched economists' expectations.

RTTNews | 12 days ago

EURUSD	1.16879	GBPUSD	1.35066	AUDUSD	0.6579
USDJPY	147.449	USDCAD	1.36758	USDCHF	0.79713

Advertisement

Austria Inflation Climbs To 11.1%