Austria's consumer price inflation increased in August to the highest level in nearly one-and-a-half years, a flash estimate from Statistics Austria showed on Tuesday.The consumer price index climbed 4.1 percent year-over-year in August, faster than the 3.6 percent increase in July. This was the highest inflation rate since March 2024.Moreover, the inflation rate is well above the European Central...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.