Austrian inflation rises to 4.1% in August, well above ECB target
Investing.com -- Austrian inflation accelerated in August, moving further away from the European Central Bank’s target rate, according to data released Tuesday.
Statistics Austria published a flash estimate showing that inflation measured by the Harmonised Index of Consumer Prices (HICP) reached 4.1% in August, up from 3.7% in July.
The Consumer Price Index (CPI), another key inflation gauge, also increased to 4.1% in August compared to the previous month.
The latest figures indicate that Austrian inflation remains significantly above the European Central Bank’s target of 2% for the eurozone average.
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