Austrian inflation rose in October to 0.3 percent on a 12-month basis from 0.1 percent in September, pushed by increased housing and insurance prices, official data showed on Thursday.
On a month-on-month basis, the Austrian consumer price index (CPI) also rose in October, by 0.1 percent from September, the national statistics office Statistik Austria said in a statement.
“Overall inflation was determined again by fuel and heating oil prices, which experienced significant drops over the last year,” Statistik Austria said.
Education and schooling costs also helped keep inflation low, it added.
But insurance and accommodation prices, including energy and maintenance costs, managed to bring the inflation rate up slightly, it said.
Using the harmonised index of consumer prices (HICP), the EU’s inflation yardstick, inflation in Austria over the past 12 months was 0.1 percent in October, up from 0.0 percent in September.
After slowing all year, Austrian inflation fell to minus 0.3 percent in July, the slowest rate in 43 years, as a result of declining fuel prices. It later recovered but fell again in September.
The ECB defines price stability as a 12-month inflation rate of just under 2.0 percent.
