Energy prices have fallen
“The largest inflation dampening effect continued to come from the year-on-year fall in fuel prices,” said Tobias Thomas, director general of Statistics Austria, according to the press release. “Energy prices have also continued to fall, meaning that the housing, water and energy sector, which has always been one of the main drivers of price increases in recent years, was only slightly above the previous year’s level in October. The rise in food prices was slightly higher than general inflation.