Austria's inflation rate eased to 1.2 percent from a year earlier in December 2020, the lowest since last May, as prices rose at a softer pace for restaurants and hotels (2.9 percent vs 3.3 percent in November), health (2.1 percent vs 2.4 percent) and miscellaneous goods and services (1.8 percent vs 2.1 percent). At the same time, there were declines in cost of transport (-2.5 percent vs -3.1 percent) and clothing and footwear (-1.3 percent vs -0.2 percent). On the other hand, inflation picked up for food and non-alcoholic beverages (2.9 percent vs 2.7 percent) and recreation and culture (1.6 percent vs 1.4 percent), while remained unchanged for housing and utilities (at 2.1 percent). Considering 2020 full year, the annual inflation rate averaged 1.4 percent, the lowest since 2016. source: Statistics Austria
Inflation Rate in Austria averaged 3.18 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 February of 2021.
Inflation Rate in Austria is expected to be 1.00 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 1.70 in 12 months time. In the long-term, the Austria Inflation Rate is projected to trend around 1.70 percent in 2022, according to our econometric models.