Austria's August inflation rate fell to 2.4%, its lowest since April 2021, nearing eurozone and ECB targets.

Austria's August inflation rate dropped to 2.4%, its lowest since April 2021, due to falling fuel and heating oil prices. The rate is now closer to the eurozone's 2.2% rate and the European Central Bank's 2% target. This marks a decrease from recent years when Austria's inflation rate ranked among the highest in the eurozone.

August 30, 2024
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