The annual inflation rate in Austria likely rose to 9.2 percent in July of 2022, from 8.7 percent in the previous month, preliminary estimates showed. It would be the fastest rise in consumer prices since March of 1975, resulting from strong upside pressures in household energy and fuel costs, as well as from rising prices in the food and restaurant sector. On a monthly basis, consumer prices are seen advancing by 0.8 percent, slowing from a 1.4 percent rise in June. The harmonized index likely jumped by 9.3 percent on the year and went up 0.5 percent over the prior month. source: Statistics Austria

Inflation Rate in Austria averaged 3.21 percent from 1958 until 2022, 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 2022.

Inflation Rate in Austria is expected to be 8.70 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 2.50 percent in 2023 and 1.50 percent in 2024, according to our econometric models.

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Austria Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-07-19 07:00 AM Inflation Rate YoY Final Jun 8.7% 7.7% 8.7% 8.7%
2022-07-29 07:00 AM Inflation Rate YoY Prel Jul 9.2% 8.7% 9.3%
2022-08-18 07:00 AM Inflation Rate YoY Final Jul 8.7% 9.2% 9.2%


Related Last Previous Unit Reference
Inflation Rate 9.20 8.70 percent Jul 2022
Inflation Rate Mom 0.80 1.40 percent Jul 2022
Consumer Price Index CPI 111.50 110.00 points Jun 2022
Harmonised Consumer Prices 121.00 119.60 points Jun 2022
GDP Deflator 111.83 112.42 points Mar 2022
Producer Prices 118.90 117.80 points Jun 2022
Producer Prices Change 20.80 20.90 percent Jun 2022
Food Inflation 11.34 9.02 percent Jun 2022
Wholesale Prices 137.30 139.40 points Jul 2022
CPI Transportation 128.80 124.60 points Jun 2022
CPI Housing Utilities 113.60 112.40 points Jun 2022

Austria Inflation Rate
In Austria, the inflation rate measures a broad rise or fall in prices that consumers pay for a standard basket of goods.
Actual Previous Highest Lowest Dates Unit Frequency
9.20 8.70 10.20 -3.00 1958 - 2022 percent Monthly

News Stream
Austria Inflation Rate Quickens to Over 47-Year High
The annual inflation rate in Austria likely rose to 9.2 percent in July of 2022, from 8.7 percent in the previous month, preliminary estimates showed. It would be the fastest rise in consumer prices since March of 1975, resulting from strong upside pressures in household energy and fuel costs, as well as from rising prices in the food and restaurant sector. On a monthly basis, consumer prices are seen advancing by 0.8 percent, slowing from a 1.4 percent rise in June. The harmonized index likely jumped by 9.3 percent on the year and went up 0.5 percent over the prior month.
2022-07-29
Austria Inflation Rate Confirmed at 47-Year High
Austria’s annual inflation rate climbed to 8.7 percent in June of 2022, the highest since September of 1975, up from 7.7 percent in the previous month and in line with preliminary estimates. Inflationary pressures increased mostly on the back of costs of transports (21.9 percent year-on-year), which include a 63.2 percent surge in fuel prices and a 24.6 percent increase in used car prices; followed by housing & utilities (10.3 percent), reflecting a 109.6 percent rise in heating oil and a 71 percent increase in gas prices; and the third most significant contribution came from food & non-alcoholic beverages (11.3 percent). On a monthly basis, consumer prices advanced 1.4 percent in June, compared to a 0.8 percent rise in the previous month. The harmonized index also rose 8.7 percent year-on-year and went up 1.2 percent over the previous month.
2022-07-19
Austria Inflation Rate Hits Near 47-Year High
Austria’s annual inflation rate likely climbed to 8.7 percent in June of 2022, the highest since September of 1975, up from 7.7 percent in the previous month, preliminary estimates showed. The main upward pressure should come from rising prices in the food and restaurant sector in addition to renewed increases in fuel and heating oil prices. On a monthly basis, consumer prices are expected to increase by 1.4 percent, much faster than a 0.8 percent rise in April. The harmonised index likely increased by 8.7 percent on the year and by 1.2 percent over the prior month.
2022-07-01