By Emese Bartha
Austria's inflation rate in October rose to 1.3% from 0.9% in September, reaching the highest level since November 2014, when it was 1.7%, the country's statistics office said on Thursday.
Consumer prices rose 0.3% in October from September, the statistics office said.
Fuel prices put moderate upward pressure on the headline inflation, in contrast to previous months when they exercised a downward pressure on the indicator, the statistics office said. Restaurant services remained the most important driver of the indicator, it said.
Consumer prices measured according to harmonized European Union standards rose 0.4% on the month and increased 1.4% on the year, picking up from 1.1% in September, the office said.Write to Emese Bartha at firstname.lastname@example.org
(END) Dow Jones Newswires
November 17, 2016 03:33 ET (08:33 GMT)
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