Inflation rate in Austria increased 1.6 percent year-on-year in June of 2019 from 1.7 percent in the previous month, hitting the lowest level since February. Prices slowed for food & non-alcoholic beverages (0.9 percent vs 1.0 percent in May); transport (0.4 percent vs 0.8 percent); miscellaneous goods & services (1.7 percent vs 2.1 percent); education (2.5 percent vs 2.6 percent) and alcoholic beverages & tobacco (0.5 percent vs 1.3 percent) while cost declined for clothing & footwear (-0.3 percent vs 1.3 percent) and communication (-3.2 percent vs -1.4 percent). On the other hand, prices advanced faster for housing & utilities (3.1 percent vs 3.0 percent); furniture & household equipment (1.2 percent vs 0.8 percent); restaurants & hotels (3.1 percent vs 2.7 percent) and health (1.5 percent vs 1.2 percent). On a monthly basis, consumer prices inched up 0.1 percent, after rising 0.2 percent in May. Inflation Rate in Austria averaged 3.23 percent from 1958 until 2019, reaching an all time high of 10.20 percent in September of 1974 and a record low of -3 percent in March of 1959.
Inflation Rate in Austria is expected to be 2.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Austria to stand at 1.80 in 12 months time. In the long-term, the Austria Inflation Rate is projected to trend around 2.00 percent in 2020, according to our econometric models.