As the Federal Statistical Office also announced, inflation rose again in December to 3.7 percent year-on-year. In November inflation was 3.2 percent. In the last month of the year that ended, the price increases for energy products (plus 4.1 percent) and food (plus 4.5 percent) were above average.
However, there was a base effect for energy: because of the government’s emergency aid in December 2022, prices were comparatively low at the time. The federal government took over private households’ monthly payments for gas and heat.
The authority plans to publish final results on inflation in December 2023 and for 2023 as a whole on January 16th.
