Austria’s inflation rate has continued to soar, reaching 8.7 percent 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.
ALSO READ: Inflation & Unemployment High, Govt in Deep Slumber: Congress
In particular, fuel prices in June jumped 63.2 percent 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.
(This story has been sourced from a third-party syndicated feed, agencies. Raavi Media accepts no responsibility or liability for the dependability, trustworthiness, reliability, and data of the text. Raavi Media managementythisnews.com reserves the sole right to alter, delete or remove (without notice) the content at its absolute discretion for any reason whatsoever.)
