VIENNA, May 19 (Xinhua) -- Austria's inflation rate rose to 3.1 percent in April, up slightly from a revised 3 percent in March, according to a press release issued on Monday by Statistics Austria.
The main contributors to the increase were electricity, rents, and package holidays. Electricity prices surged by 36.4 percent in April compared to the same month in 2024, while rents rose by 4.2 percent, the agency reported.
The year-on-year increase in travel-related costs was largely driven by the timing of the Easter and school holidays, both of which fell in April this year, resulting in higher demand and prices for holiday packages.
Prices in the restaurant and hotel sectors also saw notable increases, rising by 5.8 percent and 5.7 percent respectively compared to April 2024.
By contrast, a decline in fuel prices helped to moderate overall inflation pressures, according to the press release.
