According to a latest report, Austria's European Union's measure of inflation has declined for the fifth successive month in October. These statistics were revealed by the data released by Statistics Austria. This data about the inflation was revealed on Friday.

According to sources, it has also been sighted that the harmonized index of consumer prices or the HICP has increased about 1.5% year-after-year.

Also, it has been observed that the rate of inflation has gone down since the month of June. Sources also claim that month-on-month, the HICP statistics remained flat.

According to statistics revealed by sources, the consumer price index-based inflation rates have also fell to about 1.4% from about 1.7%. These statistics have been observed in the month of September. This figure is assumed to be the lowest since February 2010.

In February 2010, statistics showed that the inflation was about 1% at that time. The sources have also revealed that the major reason for the turn down in the CPI inflation rate was the momentous subsidies for fuel, used cars as well as airline tickets in the 'Transport' group.

It has also been sighted by the concerned authorities that prices augmented the most for food and utilities.