Austria’s annual inflation rate rose to 2.9 percent in July of 2021 from 2.8 percent in the previous month. It is the highest inflation rate since January of 2012, mainly influenced by prices of transports (8.1 percent vs 6.6 percent in June), namely ticket flights (23.6 percent vs -4 percent) and fuels (21.6 percent vs 21.4 percent); housing & utilities (3 percent, the same pace as in June); restaurants & hotels (3.3 percent, the same pace as in June) and alcoholic beverages & tobacco (3.8 percent vs 3 percent). Meanwhile, costs went up marginally for food & non-alcoholic beverages (0.1 percent, after being flat in June). On a monthly basis, consumer prices went up 0.3 percent, following a 0.5 percent increase in the previous month. source: Statistics Austria
Inflation Rate in Austria averaged 3.17 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 October of 2021.
Inflation Rate in Austria is expected to be 1.70 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 1.70 percent in 2022, according to our econometric models.