The annual inflation rate in Austria fell to 1.9 percent in December 2018 from 2.2 percent in the previous month. It was the lowest inflation rate since May, as prices eased for food & non-alcoholic beverages (0.8 percent vs 0.9 percent in November); housing & utilities (2.3 percent vs 2.8 percent); and transport (2.2 percent vs 4 percent), namely diesel fuel (8.9 percent vs 15.7 percent). Also, cost slowed for miscellaneous goods & services (2 percent vs 2.1 percent); household contents and ongoing maintenance (1.5 percent vs 1.9 percent); recreation & culture (1.3 percent vs 1.8 percent); education (3.2 percent vs 3.3 percent) and alcoholic beverages & tobacco (3.6 percent vs 3.7 percent). Meanwhile, prices of clothing & footwear rebounded (0.8 percent from -0.3 percent) and communication fell less (-1.8 percent vs -2.4 percent). On a monthly basis, consumer prices went up 0.1 percent, after a 0.2 percent gain in November. Considering 2018 full year, inflation was at 2 percent. Inflation Rate in Austria averaged 3.24 percent from 1958 until 2018, 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 2.40 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 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.