Austria's inflation rate fell to 2.9% in July, below 3% for the first time in three years.

Austria's inflation rate in July was 2.9%, falling below 3% for the first time in three years, according to a flash estimate by Statistics Austria. Food price pressure eased considerably, but restaurant prices remain above average. Austria has faced high inflation, with its rate decreasing slower than the eurozone's, resulting in one of the highest inflation rates among eurozone countries.

July 31, 2024
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