Annual inflation rate in Austria dropped to 1.1 percent in October 2019, the lowest level since September 2016, from 1.2 percent in the prior month. Prices slowed further for food & non-alcoholic beverages (0.7 percent vs 0.8 percent in September); housing & utilities (2.2 percent vs 2.8 percent) and restaurants & hotels (3 percent vs 3.1 percent). In addition, cost continued to fall for transport (-1.5 percent vs -0.6 percent) and communication (-4.2 percent vs -4.3 percent). Meanwhile, inflation edged higher for clothing & footwear (1.6 percent vs 0.9 percent); furnishings (1.1 percent vs 0.7 percent); recreation & culture (1.4 percent vs 0.6 percent); education (2.2 percent vs 2 percent) and miscellaneous goods & services (1.7 percent vs 1.5 percent). On a monthly basis, consumer prices went up 0.2 percent, easing from a 0.5 percent rise in the previous month. Inflation Rate in Austria averaged 3.22 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 1.40 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 1.70 in 12 months time. In the long-term, the Austria Inflation Rate is projected to trend around 1.70 percent in 2020, according to our econometric models.