Austria’s consumer price inflation is expected to rise 4.3 percent year-on-year In December of 2021, equaling the previous month’s rate as the highest since May 1992 and well above the European Central Bank’s target of 2 percent, a preliminary estimate showed. Upward pressure should come from sharp increases in fuel and energy prices, as the price for crude oil has risen by more than 50 per cent within a year on the international markets. On a monthly basis, consumer prices are expected to advance 0.6 percent in December. 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 January of 2022.

Inflation Rate in Austria is expected to be 3.60 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 1.90 percent in 2023 and 1.70 percent in 2024, according to our econometric models.

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Austria Inflation Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-12-17 08:00 AM Inflation Rate YoY Final Nov 4.3% 3.7% 4.3%
2022-01-07 08:00 AM Inflation Rate YoY Prel Dec 4.3% 4.3% 4.4%
2022-01-20 08:00 AM Inflation Rate YoY Final Dec 4.3% 4.3%


Related Last Previous Unit Reference
Inflation Rate 4.30 4.30 percent Dec/21
Inflation Rate Mom 0.60 0.70 percent Dec/21
Consumer Price Index CPI 104.80 104.10 points Nov/21
Harmonised Consumer Prices 113.60 113.00 points Nov/21
GDP Deflator 111.07 110.51 points Sep/21
Producer Prices 116.50 114.70 points Nov/21
Producer Prices Change 15.30 14.00 percent Nov/21
Food Inflation 1.60 1.10 percent Nov/21
Wholesale Prices 116.10 116.70 points Dec/21
CPI Transportation 110.90 110.10 points Nov/21
CPI Housing Utilities 105.80 105.10 points Nov/21

News Stream
Austria Inflation Rate Remains at 29-Year High
Austria’s consumer price inflation is expected to rise 4.3 percent year-on-year In December of 2021, equaling the previous month’s rate as the highest since May 1992 and well above the European Central Bank’s target of 2 percent, a preliminary estimate showed. Upward pressure should come from sharp increases in fuel and energy prices, as the price for crude oil has risen by more than 50 per cent within a year on the international markets. On a monthly basis, consumer prices are expected to advance 0.6 percent in December.
2022-01-07
Austria November Inflation Rate Confirmed at 29-Year High
Austria's annual inflation quickened for a fifth straight month to 4.3% in November of 2021, the highest rate since May of 1992 and well above the European Central Bank's target of 2%, matching a preliminary estimate. Upward pressure came mostly from prices of transport (12.2% vs 11.4% in October), of which fuels (38.7% vs 32.8%); and housing & utilities (5.3% vs 4.7%), namely heating oil (64.5% vs 60.8%) and electricity (10.2% vs 9.6%). Prices also advanced faster for food & non-alcoholic beverages (1.6% vs 1.1%); recreation & culture (4% vs 2.8%); restaurants & hotels (4.3% vs 4%), furnishings (2.6% vs 1.9%) and alcoholic beverages & tobacco (2.2% vs 1.7%). On a monthly basis, consumer prices went up 0.7%, following a 0.6% increase in the previous month, in line with an earlier estimate.
2021-12-17
Austria Inflation Rate Hits 29-Year High
Austria's consumer price inflation is expected to rise to 4.3 percent year-on-year in November 2021, the highest rate since May 1992 and well above the European Central Bank's target of 2 percent, a preliminary estimate showed. Upward pressure should come mostly from sharp increases in energy prices and a low base year triggered by the coronavirus crisis. On a monthly basis, consumer prices are expected to advance 0.7 percent in November.
2021-11-30

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.