Austria’s annual inflation rate rose to 3.3 percent in September of 2021, the highest level since November 2011, from 3.2 percent in the previous month, reflecting a low base effect from last year’s low fuel and energy prices. Inflation quickened mainly for prices of transport (9.4 percent vs 9.2 percent in August), particularly fuels (23.6 percent vs 23.1 percent) and airline tickets (43.4 percent vs 34.2 percent). Additional upward pressure came from prices of housing & utilities (3.9 percent vs 3.6 percent), namely heating oil (34.1 percent) and electricity (7.4 percent); restaurants & hotels (3.3 percent vs 3.7 percent), due to more expensive catering services (3.4 percent); and food & non-alcoholic beverages (0.6 percent vs 0.5 percent), on account of vegetables (6.8 percent). On a monthly basis, consumer prices edged up 0.5 percent, after a 0.1 percent uptick in August. 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 October of 2021.
Inflation Rate in Austria is expected to be 1.70 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 1.70 percent in 2022, according to our econometric models.