Inflation in Austria
Austria - Harmonized Inflation
Inflation rises to highest level in more than two years
In February, consumer prices rose 0.7% over the previous month, which contrasted the revised 0.1% fall witnessed in January (previously reported: -0.2% month-on-month). The February rise mainly reflected higher prices for clothing and footwear as well as for recreation and culture, particularly package holidays. Annual headline inflation jumped from 2.4% in January to 3.0% in February, which represented the highest level since October 2008. The reading reflected higher prices for mineral oil products, in particular for fuels (+22.0% year-on-year) and heating oil (+30.0% yoy). Annual HICP inflation (based on harmonised index of consumer prices) rose from 2.5% in January to 3.1% in February, which marked the highest rate since September 2008. As a result, annual average HICP inflation stood at 2.0% in February. In its December economic outlook report, the Central Bank anticipates HICP inflation to average 2.2% this year. For 2012, monetary authorities expect inflation to average 1.8%.
Austria - Harmonized Inflation Data
|Inflation Rate (HICP, annual variation in %)||0.8||0.9||2.2||2.1||1.5|
5 years of economic forecasts for more than 30 economic indicators.
Austria Harmonized Inflation Chart
Source: Austrian National Bank and FocusEconomics calculations.
|Bond Yield||0.03||0.40 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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August 29, 2022
The UniCredit Bank Austria Manufacturing Purchasing Managers’ Index (PMI) dropped from 51.7 in July to 48.8 in August.
August 10, 2022
Industrial output dropped 2.1% in month-on-month seasonally-adjusted terms in June, which contrasted May's 0.9% increase.
July 29, 2022
Austria’s economy expanded 0.5% quarter on quarter in Q2, down from the 1.5% expansion logged in the first quarter.
July 28, 2022
The UniCredit Bank Austria Manufacturing Purchasing Managers’ Index (PMI) rose from a near two-year low of 51.2 in June to 51.7 in July.
July 27, 2022
Consumer confidence fell to minus 33.0 in July from June's minus 24.0.