Austria’s annual inflation rate likely climbed to 8.7 percent in June of 2022, the highest since September of 1975, up from 7.7 percent in the previous month, preliminary estimates showed. The main upward pressure should come from rising prices in the food and restaurant sector in addition to renewed increases in fuel and heating oil prices. On a monthly basis, consumer prices are expected to increase by 1.4 percent, much faster than a 0.8 percent rise in April. The harmonised index likely increased by 8.7 percent on the year and by 1.2 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 July of 2022.
Inflation Rate in Austria is expected to be 6.70 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.