ECONOMY

Austria: Inflation drops to 1.6% in June

Vienna – Inflation in Austria fell to 1.6% year-on-year in June after falling to 1.7% in the previous two months, Statistik Austria said on Wednesday.

Housing mainly drove prices (3.1%) and hospitality (3.1%).

Over a month, inflation is up 0.1%, after 0.2% in May.

According to the harmonized Eurostat standard, year-on-year inflation was 1.6% in June, after 1.7% the previous month.

Austria’s average inflation was 2% in 2018, after 2.1% in 2017, its highest level in five years.

afp / jh

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Reporter Susan Rogers is a seasoned journalist with 10 years of experience. While studying journalism at Haas School of Business in California, Susan conducted numerous research studies on how social media advertising has changed the landscape of traditional PR. As a contributor to The Ticker Times, Susan covers stories affecting advertising and media. Tel: 206-332-0220 Location: 1304 6th Ave, Seattle, WA 98104, USA Email: susan@thetickertimes.com

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