Austrian inflation remained stable in April at 2.0 percent, on the back of continued high fuel prices, official data showed on Tuesday.
The Austrian consumer price index (CPI) rose by 2.0 percent on a 12-month basis, the same rate as in March, Statistik Austria reported. On a month-on-month basis, consumer prices rose by 0.3 percent in April compared to the previous month.
High fuel prices, which rose by 23 percent on a 12-month basis, were the main driver behind inflation, Statistik Austria said in a statement. Without it, April inflation would have stood at 1.1 percent, it noted.
Utility, housing and insurance costs were also up, as well as jewellery and watches. Using the harmonised index of consumer prices (HICP), the EU’s inflation yardstick, Austrian inflation over 12 months also remained unchanged in April compared to March, at 1.8 percent.
Vienna, May 18, 2010 (AFP)