In May 2020, the inflation rate was 0.7%, as Statistics Austria reports (April 2020: 1.5%). Significantly lower prices for fuels were mainly responsible for the decrease of the May inflation rate.
Moreover, the price increases for food diminished and garments became cheaper.
“Housing, water and energy” (+2.2% compared to May 2019) remained the most important price driver.
The index level of the consumer price index 2015 (CPI 2015) was 107.4 in May 2020. Compared to the previous month, the average price level decreased by 0.6%.
