Austria Inflation Rate
August 2023 Data – 1958-2022 Historical – September Forecast
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The annual inflation rate in Austria increased to 7.4% in August 2023, accelerating from a 16-month low of 7% in the previous month, but slightly below preliminary estimates of 7.5%.Main upward pressure came from transport costs (0.2% vs -4.2% in July), while prices slowed for housing & utilities (10.1% vs 11%), food & non-alcoholic beverages (9.8% vs 10.5%), and restaurants & hotels (12% vs 12.3%).On a monthly basis, consumer prices edged up to 0.3% in August from 0.1% rise in the previous month.Meanwhile, harmonized index grew 7.5% year-on-year and increased by 0.3% over the previous month.
source:
Statistics Austria
Inflation Rate in Austria averaged 3.32 percent from 1958 until 2023, reaching an all time high of 11.20 percent in January of 2023 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 September of 2023.
Inflation Rate in Austria is expected to be 6.80 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 4.60 percent in 2024 and 2.90 //tradingeconomics.com/embed/?s=eccpatyy&v=202309190716v20230410&w=850&h=400&h=300&w=600&ref=/austria/inflation- 08-31
07:00 AM
Inflation Rate YoY Prel
Aug
7.5%
7%
7.3%
2023-09-19
07:00 AM
Inflation Rate YoY Final
Aug
7.4%
7%
7.5%
7.5%
2023-09-29
07:00 AM
Inflation Rate YoY Prel
Sep
6.8%
Related
Last
Previous
Unit
Reference
Inflation Rate
7.40
7.00
percent
Aug 2023
Inflation Rate MoM
0.30
0.10
percent
Aug 2023
Consumer Price Index CPI
120.90
120.50
points
Aug 2023
Harmonised Consumer Prices
130.60
130.20
points
Aug 2023
GDP Deflator
125.24
122.36
points
Jun 2023
Producer Prices
119.10
119.90
points
Jul 2023
Producer Prices Change
-1.30
0.80
percent
Jul 2023
Food Inflation
10.50
11.10
percent
Jul 2023
Wholesale Prices
130.90
128.70
points
Aug 2023
CPI Transportation
125.60
124.90
points
Jul 2023
CPI Housing Utilities
129.10
129.60
points
Jul 2023
Austria Inflation Rate
In Austria, the most important category in the consumer price index is Housing and Utilities (19 percent of total weight).Transport accounts for 14 percent; Restaurants and Hotels for 13 percent; Recreation and Culture for 11 percent; Food and Non-Alcoholic Beverages for 11 percent and Miscellaneous Goods and Services for 9 percent.
Alcoholic Beverages and Tobacco; Clothing and Footwear; Household Goods; Health; Communication and Education account for the remaining 23 percent of total weight.
Actual
Previous
Highest
Lowest
Dates
Unit
Frequency
7.40
7.00
11.20
-3.00
1958 – 2023
percent
Monthly
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Inflation Rate by Country
News Stream
Austria Inflation Rate Picks Up in August
The annual inflation rate in Austria increased to 7.4% in August 2023, accelerating from a 16-month low of 7% in the previous month, but slightly below preliminary estimates of 7.5%.Main upward pressure came from transport costs (0.2% vs -4.2% in July), while prices slowed for housing & utilities (10.1% vs 11%), food & non-alcoholic beverages (9.8% vs 10.5%), and restaurants & hotels (12% vs 12.3%).On a monthly basis, consumer prices edged up to 0.3% in August from 0.1% rise in the previous month.Meanwhile, harmonized index grew 7.5% year-on-year and increased by 0.3% over the previous month.
2023-09-19
Austria Inflation Rate Picks Up to 7.5% in August
The annual inflation rate in Austria is expected to quicken to 7.5% in August 2023, up from a 16-month low of 7% in July, preliminary estimates showed.”The increase is primarily due to the fact that higher prices for fuels dampen the inflation less than in the past months.The particularly high increases in prices in September and October 2022 suggest, that the previous trend of falling inflation rates will continue in the upcoming months on a year-on-year basis,” said Statistics Austria Director General Tobias Thomas.On a monthly basis, consumer prices likely rose by 0.4% in August, after a 0.1% increase in the prior month.The harmonized index rose by 7.6% on the year and by 0.5% over the previous month.
2023-08-31
Austria Inflation Rate Confirmed at 16-Month Low
The annual inflation rate in Austria was confirmed at 7% in July 2023, slowing from 8% in the previous month.
It was the lowest figure since March 2022, mainly due to the drop in transport costs (-4.2% vs -3% in June), weighed down by a decline in fuel price.Moreover, inflation eased for housing & utilities (11% vs 14.1%), restaurants & hotels (12.3% vs 12.9%), and food & non-alcoholic beverages (10.5% vs 11.1%).On a monthly basis, consumer prices increased 0.1% in June, decelerating from a 0.5% rise in the previous month.Meanwhile, the harmonized index grew 7% year-on-year and decreased by 0.2% over the previous month.
2023-08-18
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