Austria's annual inflation rate rose to 2.0 percent in January 2020, the highest since November 2018, from 1.5 percent in the previous month. Main upward pressure came from housing & utilities (3.0 percent vs 2.5 percent), restaurants & hotels (3.1 percent vs 3.4 percent), transport (2.4 percent vs 0.8 percent), recreation & culture (1.9 percent vs 2.5 percent), food & non-alcoholic beverages (1.2 percent vs 0.9 percent), and miscellaneous goods & services (2.1 percent vs 2.3 percent). On the other hand, communication prices continued to fall (-4.6 percent vs -4.3 percent). On a monthly basis, consumer prices dropped 0.5 percent in January.
Inflation Rate in Austria averaged 3.21 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.
Inflation Rate in Austria is expected to be 1.90 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.