The annual inflation rate in Austria increased to 1.1 percent in June of 2020 from 0.7 percent in the previous month. Main upward pressure came from prices of food & non-alcoholic beverages (2.9 percent vs 1.3 percent in May); housing & utilities (2.3 percent vs 2.2 percent); restaurants & hotels (3 percent vs 2.4 percent); recreation & culture (1.8 percent vs 1.5 percent) and miscellaneous goods & services (2.1 percent vs 1.7 percent). Conversely, decreases were observed in costs of transport (-3.1 percent, the same pace as in May); clothing & footwear (-1.7 percent vs -2.7 percent) and communication (-2.5 percent vs -4.6 percent). On a monthly basis, consumer prices inched up 0.6 percent, reversing a 0.6 percent decrease in the prior month.

Inflation Rate in Austria averaged 3.20 percent from 1958 until 2020, reaching an all time high of 10.20 percent in September of 1974 and a record low of -3 percent in March of 1959. This page provides - Austria Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Austria Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020.

Inflation Rate in Austria is expected to be 1.10 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 1.60 in 12 months time. In the long-term, the Austria Inflation Rate is projected to trend around 1.70 percent in 2021, according to our econometric models.

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Austria Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.10 0.70 10.20 -3.00 1958 - 2020 percent Monthly
2015=100


Calendar GMT Actual Previous Consensus TEForecast
2020-04-17 07:00 AM Mar 1.6% 2.2% 1.8%
2020-05-20 07:00 AM Apr 1.5% 1.6% 1.5%
2020-06-17 07:00 AM May 0.7% 1.5% 1.2%
2020-07-17 07:00 AM Jun 1.1% 0.7% 1%
2020-08-19 07:00 AM Jul 1.1% 1.2%
2020-09-18 07:00 AM Aug
2020-10-16 07:00 AM Sep 1.1%
2020-11-16 08:00 AM Oct


News Stream
Austria Inflation Rate Rises to 1.1% in June
The annual inflation rate in Austria increased to 1.1 percent in June of 2020 from 0.7 percent in the previous month. Main upward pressure came from prices of food & non-alcoholic beverages (2.9 percent vs 1.3 percent in May); housing & utilities (2.3 percent vs 2.2 percent); restaurants & hotels (3 percent vs 2.4 percent); recreation & culture (1.8 percent vs 1.5 percent) and miscellaneous goods & services (2.1 percent vs 1.7 percent). Conversely, decreases were observed in costs of transport (-3.1 percent, the same pace as in May); clothing & footwear (-1.7 percent vs -2.7 percent) and communication (-2.5 percent vs -4.6 percent). On a monthly basis, consumer prices inched up 0.6 percent, reversing a 0.6 percent decrease in the prior month.
2020-07-17
Austria Inflation Rate Falls to Near 4-Year Low in May
The annual inflation rate in Austria fell to 0.7 percent in May 2020 from 1.5 percent in the previous month. It was the lowest inflation rate since August 2016, as prices slowed for food & non-alcoholic beverages (1.3 percent from 2.6 percent in April); housing & utilities (2.2 percent from 2.3 percent); restaurants & hotels (2.4 percent from 3.1 percent); recreation & culture (1.5 percent from 2.2 percent); miscellaneous goods & services (1.7 percent from 2.1 percent); and health (2 percent from 2.3 percent). Also, cost of transport dropped further (-3.1 percent from -1.6 percent), mainly due to diesel (-21.1 percent) and prices fell for furnishings & household equipment (-0.2 percent from 0.9 percent); and clothing & footwear (-2.7 percent from a flat reading). On a monthly basis, consumer prices went down 0.6 percent.
2020-06-17
Austria April Inflation Rate at 4-Month Low of 1.5%
The annual inflation rate in Austria dropped to 1.5 percent in April of 2020 from 1.6 percent in the previous month. It was the lowest inflation rate since December, amid lockdown measures and falling fuel prices. Prices slowed for housing & utilities (2.3 percent vs 2.4 percent in March) and restaurants & hotels (3.1 percent vs 3.2 percent) while transport cost fell further (-1.6 percent vs -0.4 percent), due to fuels such as diesel (-14.7 percent) and gasoline (-14.8 percent). Conversely, inflation quickened for food & non-alcoholic beverages (2.6 percent vs 1.8 percent) and recreation & culture (2.2 percent vs 1.7 percent). On a monthly basis, consumer prices were flat, after increasing 0.3 percent in the prior month.
2020-05-20
Austria March Inflation Rate at 3-Month Low of 1.6%
The annual inflation rate in Austria decreased to 1.6 percent in March of 2020 from 2.2 percent in the previous month. It was the lowest rate since last December, amid the effects of the lockdown to curb the spread of Covid-19 along with falling global oil prices. Prices slowed mostly for housing & utilities (2.4 percent vs 2.8 percent in February); restaurants & hotels (3.2 percent vs 3.4 percent); recreation & culture (1.7 percent vs 2.7 percent). In addition, transport costs dropped (-0.4 percent vs 1.8 percent). Meanwhile, inflation remained steady for food & non-alcoholic beverages (at 1.8 percent). On a monthly basis, consumer prices went up 0.3 percent, after increasing 0.2 percent in the prior month.
2020-04-17

Austria Inflation Rate
In Austria, the inflation rate measures a broad rise or fall in prices that consumers pay for a standard basket of goods. .