The annual inflation rate in Austria likely eased to 10.6% in November of 2022, from a record high of 11% in the prior month, preliminary estimates showed. The milder inflation is mainly due to the fact that the upward pressure on prices from household energy and fuel is weakening slightly. On a monthly basis, consumer prices are expected to increase by 0.3%, following a 1% rise in October. The harmonized index likely rose by 11.1% on the year (vs 11.5% in October) and 0.1% in comparison with last month (vs 1.2% in October). source: Statistics Austria

Inflation Rate in Austria averaged 3.25 percent from 1958 until 2022, reaching an all time high of 11.00 percent in October of 2022 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 December of 2022.

Inflation Rate in Austria is expected to be 10.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Austria Inflation Rate is projected to trend around 3.50 percent in 2023 and 2.50 percent in 2024, according to our econometric models.

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Austria Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-11-17 08:00 AM Inflation Rate YoY Final Oct 11% 10.6% 11%
2022-11-30 08:00 AM Inflation Rate YoY Prel Nov 10.6% 11% 10.9%
2022-12-16 08:00 AM Inflation Rate YoY Final Nov 11% 10.6%


Related Last Previous Unit Reference
Inflation Rate 10.60 11.00 percent Nov 2022
Inflation Rate MoM 0.30 1.00 percent Nov 2022
Consumer Price Index CPI 115.60 114.50 points Oct 2022
Harmonised Consumer Prices 126.10 124.50 points Oct 2022
GDP Deflator 116.13 111.83 points Jun 2022
Producer Prices 124.70 124.70 points Oct 2022
Producer Prices Change 18.40 22.10 percent Oct 2022
Food Inflation 14.40 13.90 percent Oct 2022
Wholesale Prices 135.90 140.10 points Nov 2022
CPI Transportation 128.40 127.30 points Oct 2022
CPI Housing Utilities 125.40 124.90 points Oct 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
10.60 11.00 11.00 -3.00 1958 - 2022 percent Monthly

News Stream
Austria Inflation Rate Seen Slowing in November
The annual inflation rate in Austria likely eased to 10.6% in November of 2022, from a record high of 11% in the prior month, preliminary estimates showed. The milder inflation is mainly due to the fact that the upward pressure on prices from household energy and fuel is weakening slightly. On a monthly basis, consumer prices are expected to increase by 0.3%, following a 1% rise in October. The harmonized index likely rose by 11.1% on the year (vs 11.5% in October) and 0.1% in comparison with last month (vs 1.2% in October).
2022-11-30
Austria Inflation Rate Confirmed at Record
The annual inflation rate in Austria jumped to 11% in October of 2022, from an upwardly revised 10.6% a month earlier. It was the highest rate since record began in 1958, with the strongest upward pressure coming from Housing & Utilities (19.2%) which include 118% surge in solid fuels prices and 116.9% increase in gas; transport (16.6%), reflecting a 39.5% increase in fuels costs and 24.1% rise in used car prices; and Food & Non-alcoholic Beverages (14.4%). On a monthly basis, consumer prices increased by 1%, easing from 1.6% rise in the previous month. The harmonized index rose by 11.5% on the year and by 1.2% over the previous month.
2022-11-17
Austria Inflation Rate Continues to Quicken
The annual inflation rate in Austria likely increased to 11 percent in October of 2022, from a 10.5 percent in the previous month, preliminary estimates showed. It would be the highest rate since records began in 1958, resulting from strong upside pressures in household energy & fuel, as well as in food & gastronomy and clothing. On a monthly basis, consumer prices are expected to increase by 1 percent, following a 1.6% rise in September and slightly above an earlier flat reading. The harmonized index likely rise by 11.5% on the year and 1.2% in comparison with last month.
2022-10-31