Austria's annual inflation slows to 10.2% in December 2022

Austria's annual inflation slows to 10.2% in December 2022

Decline led by electricity price brake, significant easing of price pressure on fuel, says statistical office

By Tuba Sahin

ANKARA (AA) – Austria's annual consumer inflation slowed to 10.2% in December 2022, according to a flash estimate released on Thursday.

The figure was down from 10.6 % in November and 11% in October thanks to electricity price brake and the noticeable easing of price pressure on fuel, the country's statistical office said in a statement.

"The upward pressure on prices for food and restaurant services continues," said Statistics Austria Director General Tobias Thomas.

On a monthly basis, Austria's consumer prices rose by 0.2 % in December 2022.

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