VIENNA, Aug. 1 (Xinhua) — Austria’s inflation rate continued to hike in July, with consumer prices driven up mainly by industrial goods, according to a flash estimate on Friday.
“The inflation rate is expected to be 3.5 percent in July 2025, up from 3.3 percent in June. This marks the highest level since April 2024,” said Thomas Burg, director general of statistics at Statistics Austria.
He attributed the increase primarily to industrial goods, which rose by 1.4 percent year on year in July, compared with a one-percent rise in June.
Energy prices also went up by 4.3 precent from July 2024, up from 3.5 percent in June. Gas and heating oil had a much less dampening effect on prices in July than in June, Burg said.
Inflation rate in the service sector was almost flat at 4.5 percent. This sector continued to make the largest contribution to overall inflation, Burg said. The price increase in the food, tobacco and alcohol sector also remained persistently high at 4.4 percent, he said.
