Consumer prices in Austria rose 2.8 percent over a year in June of 2021, the same as in the previous month and remained the highest inflation rate since December of 2012, due to a low base year in prices of fuel and energy. Thus, the strongest upward pressure came from prices of transports (6.6 percent vs 5.3 percent in May); followed by housing & utilities (3.0 percent, unchanged from May), driven mostly by household energy costs; and restaurants & hotels (3.3 percent vs 3.8 percent), on higher hospitality service charges. Other positive contributions came from prices of household items & maintenance (3.2 percent vs 2.9 percent), primarily due to costlier home furniture; leisure & culture (1.8 percent vs 2.2 percent); and clothing & footwear (4.2 percent vs 2.4 percent). On a monthly basis, consumer prices inched up 0.5 percent, quickening from a 0.3 percent increase in the prior month. source: Statistics Austria
Inflation Rate in Austria averaged 3.17 percent from 1958 until 2021, 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 July of 2021.
Inflation Rate in Austria is expected to be 2.50 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 1.50 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.