Austria's consumer price inflation increased as estimated initially in May to the highest level in five months, the latest data from Statistics Austria showed on Wednesday.
The consumer price index climbed 3.7 percent year-over-year in May, faster than the 3.4 percent increase in April. That was in line with the flash data published on June 2.
Inflation based on transportation accelerated to 8.8 percent from 7.7 percent due to a 26.5 percent surge in fuel costs. Overall energy costs grew 9.8 percent, and prices for housing and utility costs were 3.3 percent more expensive. Services inflation rose to 4.4 percent from 4.1 percentamid sharp increases in airfares.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.