The annual inflation rate in Austria rose to 2 percent in March of 2021 from 1.2 percent in the previous month, reaching its highest level since February last year. Main upward pressure came from prices of transport (3.6 percent vs 0.4 percent in February), primarily on account of fuels (6.5 percent vs -5.2 percent) and housing & utilities (2.9 percent vs 2.6 percent), namely rents (5.3 percent) and electricity (5.6 percent). Costs also went up faster for alcoholic beverages & tobacco (2 percent vs 0.6 percent); recreation & culture (2.1 percent vs 1.5 percent); restaurants & hotels (2.7 percent vs 2.1 percent) and education (1.9 percent vs 1.7 percent). On a monthly basis, consumer prices inched up 1.1 percent, the most since March of 2015, following a 0.5 percent increase in the prior month. source: Statistics Austria
Inflation Rate in Austria averaged 3.18 percent from 1958 until 2021, 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 May of 2021.
Inflation Rate in Austria is expected to be 2.20 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 1.60 in 12 months time. In the long-term, the Austria Inflation Rate is projected to trend around 1.70 percent in 2022, according to our econometric models.