India, March 19 -- Austria's consumer price inflation held steady in February, revised from a slight increase estimated initially, the latest data from Statistics Austria showed on Wednesday.
The consumer price index climbed 3.2 percent year-over-year in February, the same as in the previous month. In the flash estimate, the rate of inflation was 3.3 percent.
Moreover, the inflation rate is well above the European Central Bank's stability target of 2.0 percent.
"Electricity in particular rose sharply year-on-year, especially as the electricity price break and electricity and grid cost subsidies for certain households expired at the start of the year and grid fees were increased," Tobias Thomas, Director General of Statistics Austria, sai...