Business News
Home > Business News
Austria's inflation hits 47-year high in June
TIWN
TIWN

PHOTO : TIWN
Vienna, July 19 (TIWN) Austria's inflation rate has continued to soar, reaching 8.7 per cent in June, the highest level since September 1975, Statistics Austria said on Tuesday.
The June inflation rate was one percentage point higher than that in May, Xinhua news agency reported quoting Statistics Austria. Statistics Austria said in a statement that rising fuel, food and household energy prices were the main drivers of inflation in June. In particular, fuel prices in June jumped 63.2 per cent year on year. In June, the Austrian government unveiled a package of long-term measures to combat the surging inflation, including increasing social benefits for the unemployed and other vulnerable groups.
Add your Comment
Comments (0)
More Business News
- GST Council Meeting Today!! Swiggy, Zomato Delivery Charges May Become Cheaper
- 18% GST on Services Provided by Finance Companies to Banks
- India’s Diesel Exports Hit One-Year High in September
- RBI Raises Interest Rate After Nearly Four Years, Loans Could Become Costlier
- Gold Gets Costlier, Silver Demand Rises in this Festiva Season : Report


