According to the latest data released, the Austrian Consumer Price Index (CPI) for the month of February 2024 showed a slight decrease compared to the previous month. The CPI decreased to 4.31% in February from 4.61% in the previous month. This change represents a Year-over-Year comparison, indicating a slight dip in consumer prices from the same month a year ago.
The recent data update on 18 March 2024 provides insights into the economic landscape in Austria, signaling a minor adjustment in consumer prices. The CPI is a key indicator of inflation and reflects the average change in prices paid by consumers for goods and services. While the decrease in consumer prices in February may have various implications for the economy, further monitoring and analysis will be crucial to understand the broader trends in the Austrian market.
