The annual inflation rate in Austria edged down to 1.7 percent in April 2019 from 1.8 percent in the prior month. Prices slowed mostly for food & non-alcoholic beverages (1.2 percent vs 1.5 percent in March) and recreation & culture (1.1 percent vs 1.6 percent), particularly package holidays (0.9 percent vs 4.3 percent). Meantime, inflation remained steady for housing & utilities (3 percent); restaurants & hotels (2.8 percent) and miscellaneous goods & services (1.7 percent). In contrast, cost advanced faster for transport (1.7 percent vs 1.4 percent); furnishings (1 percent vs 0.5 percent) and education (2.6 percent vs 2.9 percent). On a monthly basis, consumer prices were up 0.1 percent, after a 0.9 percent increase in the previous month. 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 2.30 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 1.90 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.