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.

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Austria Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-06-17 07:00 AM Inflation Rate YoY Final May 7.7% 7.2% 8% 8%
2022-07-01 07:00 AM Inflation Rate YoY Prel Jun 8.7% 7.7% 8.4%
2022-07-19 07:00 AM Inflation Rate YoY Final Jun


Related Last Previous Unit Reference
Inflation Rate 8.70 7.70 percent Jun 2022
Inflation Rate Mom 1.40 0.80 percent Jun 2022
Consumer Price Index CPI 110.00 109.10 points May 2022
Harmonised Consumer Prices 119.60 118.80 points May 2022
GDP Deflator 111.83 112.42 points Mar 2022
Producer Prices 117.80 117.20 points May 2022
Producer Prices Change 20.90 21.60 percent May 2022
Food Inflation 9.02 8.37 percent May 2022
Wholesale Prices 136.00 134.70 points May 2022
CPI Transportation 124.60 122.40 points May 2022
CPI Housing Utilities 112.40 112.00 points May 2022

Austria Inflation Rate
In Austria, the inflation rate measures a broad rise or fall in prices that consumers pay for a standard basket of goods.
Actual Previous Highest Lowest Dates Unit Frequency
8.70 7.70 10.20 -3.00 1958 - 2022 percent Monthly

News Stream
Austria Inflation Rate Hits Near 47-Year High
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.
2022-07-01
Austria May Inflation Rate Steepest since 1976
Austria’s annual inflation rose to 7.7% in May of 2022, the highest since April of 1976, from 7.2% in the prior month and slightly below the preliminary estimates of 8%, due to the reduction of energy levies on electricity and gas. Main upward pressure came from prices of transport (+19.1 % YoY), including fuels (+50.5 %), used cars (24,4 %); followed by housing, water and energy (+9.4 %); particularly, heating oil (+97.8 %), and gas (+72.4 %). The third strongest price driver was food and non-alcoholic beverages (+9.0 %). On a monthly basis, consumer prices went up 0.8%, advancing from a 0.3% rise in March and missing market forecasts of 1.1%.
2022-06-17
Austria Inflation Rate Hits Near 47-Year High
Austria’s annual inflation rate likely climbed to 8 percent in May of 2022, the highest since September of 1975, up from 7.2 percent in the previous month, preliminary estimates showed. The main upward pressure should come from rising energy and fuel prices. On a monthly basis, consumer prices are expected to increase by 1.1 percent, much faster than a 0.3 percent rise in April. The harmonised index likely increased by 8.1% on the year and by 1% over the prior month.
2022-05-31