In May 2021, the inflation rate was 2.8% (April 2021: 1.9%). Higher prices especially for fuels but also for food, home furniture and clothing were mainly responsible for the increase of the May inflation rate. Expenditures for transport (+5.3% compared to May 2020) proved to be the most important price driver for the first time since October 2018. Expenditures for housing, water and energy (+3.0%) was the second important price driver.
Almost 44% of the Austrian resident population aged 15 and older are planning a holiday trip in the coming summer months from July to September 2021. This is the result of a survey on planned summer trips in 2021 as part of the survey of holiday and business trips in the first quarter of 2021 (survey period 1 April to 7 May 2021). When asked about their preferred holiday destination, 57% said they would like to travel domestically, 47% are planning a holiday trip abroad this summer and 9% are still undecided.
The construction cost index (new base 2020) for construction of residential buildings reached 110.7 index points in May 2021. This represents an increase of 10.5% against May 2020. Compared to April 2021, the index increased by 3.6%.
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