Annual inflation rate in Austria increased to 1.5 percent in August of 2019 from 1.4 percent in the previous month. Prices rose faster for food & beverages (1.5 percent vs 1.3 percent in July), particularly meat (3.3 percent), vegetables (4.7 percent), bread & cereals (2.2 percent), milk, cheese & eggs (1.9 percent) and fish (7.7 percent). On the other hand, cost slowed for housing & utilities (3 percent vs 3.1 percent), with rents prices advancing 2.9 percent and energy cost increasing 3 percent. Meantime, transport cost fell 0.4 percent, after showing no growth in July, as fuel prices (-3.5 percent) and airline tickets (-8.3 percent); while communication prices dropped by 4.1 percent. On a monthly basis, consumer prices edged up 0.1 percent, recovering from a 0.3 percent decline in July. 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 1.50 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 1.80 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.