Annual inflation rate in Austria decreased to 1.5 percent in February of 2019 from an upwardly revised 1.8 percent in the previous month. It was the lowest inflation rate since December of 2016, mainly due to a fall in prices for clothing (-1.4 percent from 0.8 percent in January) and shoes (-0.1 percent from 2.4 percent). In addition, cost dropped much faster for airline tickets (-18.9 percent from -8.5 percent). On the other hand, main upward pressures came from housing, water and energy (2.8 percent) and restaurant and hotels (2.7 percent). On a monthly basis, consumer prices consumer prices showed no growth, after a 0.8 percent decrease in January. Inflation Rate in Austria averaged 3.24 percent from 1958 until 2019, reaching an all time high of 10.20 percent in September of 1974 and a record low of -3 percent in March of 1959.
Inflation Rate in Austria is expected to be 1.50 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 2.10 in 12 months time. In the long-term, the Austria Inflation Rate is projected to trend around 2.00 percent in 2020, according to our econometric models.