In November, consumer prices slipped 0.1% over the previous month, which contrasted the revised 0.3% increase observed in October (previously reported: +0.2% month-on-month). The November drop was mainly the result of lower prices for recreation and culture, as well as for alcoholic beverages. On a year-on-year basis, inflation fell from 2.1% in October to 1.9% in November, reflecting less pronounced price increases for energy, especially petroleum products (October: +14.5% yoy; November: +10.6% yoy). Harmonised inflation (based on HICP) fell from 2.0% in October to 1.8% in November. Nevertheless, annual average harmonised inflation climbed from 1.5% in October to 1.6% in November. In its biannual economic outlook report, the Central Bank raised its inflation forecasts and now expects harmonised inflation to average 1.7% both this year and next, up from its previous forecast of 1.5% for this year and 1.6% for 2011.
Inflation eases in November
December 16, 2010
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Austria Economic News
October 25, 2016
In August, industrial production expanded 1.6% over the previous month in seasonally-adjusted terms.
September 29, 2016
In September, the Bank Austria Manufacturing Purchasing Managers’ Index (PMI) came in at 53.5, which was up from August’s 52.1.
September 28, 2016
The consumer confidence index produced by Fessel-GfK deteriorated in September.
September 23, 2016
In July, industrial production fell 0.6% over the previous month in seasonally-adjusted terms.
August 31, 2016
The consumer confidence index elaborated by Fessel-GfK deteriorated slightly in August, ending three consecutive months of improvement.