India, Feb. 3 -- Austria's consumer price inflation rose further in January to the highest level in eight months, a flash estimate from Statistics Austria showed on Monday.
The consumer price index climbed 3.3 percent year-over-year in January, faster than the 2.0 percent increase in December.
Further, this was the highest inflation since May 2024, when prices had risen the same 3.3 percent.
With this, the inflation rate is now well above the European Central Bank's stability target of 2.0 percent.
The upward trend in inflation is primarily due to the fact that price-lowering measures like the electricity price cap are no longer effective from January 2025, network charges have risen automatically, and the CO2 tax has also been increase...