The annual inflation rate in Austria likely rose to 11.1 percent in January 2023, accelerating from a 10.2 percent increase in the previous month, preliminary estimates showed. It would be the highest rate since records began in 1958, underpinned by strong prices of household energy, despite electricity price break; and sharp rise in network costs. On a monthly basis, consumer prices are expected to jump 0.8 percent, from 0.2 percent in December. Meanwhile, the harmonized index likely advance by 11.5 percent on the year, and grow 0.8 percent from a month earlier. source: Statistics Austria

Inflation Rate in Austria averaged 3.27 percent from 1958 until 2023, reaching an all time high of 11.10 percent in January of 2023 and a record low of -3.00 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 2023.

Inflation Rate in Austria is expected to be 8.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Austria Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2023-01-16 08:00 AM Inflation Rate YoY Final Dec 10.2% 10.6% 10.2%
2023-02-01 08:00 AM Inflation Rate YoY Prel Jan 11.1% 10.2% 10.0%
2023-02-23 08:00 AM Inflation Rate YoY Final Jan 10.2% 11.1%


Related Last Previous Unit Reference
Inflation Rate 11.10 10.20 percent Jan 2023
Inflation Rate MoM 0.80 0.20 percent Jan 2023
Consumer Price Index CPI 116.10 115.90 points Dec 2022
Harmonised Consumer Prices 126.00 126.30 points Dec 2022
GDP Deflator 117.83 116.13 points Sep 2022
Producer Prices 123.00 123.40 points Dec 2022
Producer Prices Change 13.30 15.40 percent Dec 2022
Food Inflation 16.30 15.20 percent Dec 2022
Wholesale Prices 132.80 135.90 points Dec 2022
CPI Transportation 124.10 126.90 points Dec 2022
CPI Housing Utilities 122.65 125.10 points Dec 2022

Austria Inflation Rate
In Austria, the most important category in the consumer price index is Housing and Utilities (19 percent of total weight). Transport accounts for 14 percent; Restaurants and Hotels for 13 percent; Recreation and Culture for 11 percent; Food and Non-Alcoholic Beverages for 11 percent and Miscellaneous Goods and Services for 9 percent. Alcoholic Beverages and Tobacco; Clothing and Footwear; Household Goods; Health; Communication and Education account for the remaining 23 percent of total weight.
Actual Previous Highest Lowest Dates Unit Frequency
11.10 10.20 11.10 -3.00 1958 - 2023 percent Monthly

News Stream
Austria Inflation Rate at All-Time High
The annual inflation rate in Austria likely rose to 11.1 percent in January 2023, accelerating from a 10.2 percent increase in the previous month, preliminary estimates showed. It would be the highest rate since records began in 1958, underpinned by strong prices of household energy, despite electricity price break; and sharp rise in network costs. On a monthly basis, consumer prices are expected to jump 0.8 percent, from 0.2 percent in December. Meanwhile, the harmonized index likely advance by 11.5 percent on the year, and grow 0.8 percent from a month earlier.
2023-02-01
Austria Inflation Rate Confirms at 3-Month Low
The annual inflation rate in Austria slowed to 10.2 percent in December of 2022, the lowest since September, and following a 10.6 percent in the previous month. Main upward pressure came from housing & utilities (15.6 percent), which include a 90.7 percent surge in gas and a 60.6 percent increase in heating oil; followed by food & non-alcoholic beverages (16.1 percent); and restaurants & hotels (12.7 percent). On a monthly basis, consumer prices edged down to 0.2 percent, from 0.3 percent in November. Meanwhile, the harmonized index rose by 10.5 percent on the year and declined by 0.3 percent over the previous month.
2023-01-16
Austria Inflation Rate Slows to 3-Month Low
The annual inflation rate in Austria slowed to 10.2% in December of 2022, from 10.6% in the prior month, preliminary estimates showed. It would be the lowest inflation since September, underpinned by the electricity price brake and the slowdown in the prices of fuel. Meanwhile, prices for food and restaurant services advanced further. On a monthly basis, consumer prices are expected to ease slightly by 0.2%, from 0.3% in November. The harmonized index likely increased by 10.5% on the year and fell by 0.3% over the previous month.
2023-01-05