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.