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.