In October, consumer prices rose 0.2% over the previous month, which was below the revised 0.3% increase observed in September (previously reported: +0.4% month-on-month). The October increase reflected higher prices for clothing and footwear, which were partially offset by lower prices for recreation and culture, as a result of cheaper package holidays. On an annual basis, inflation rose from 1.9% in September to 2.0% in October, on the back of higher prices for mineral oil products (September: +12.7% year-on-year; October: +14.5% yoy). Moreover, annual average harmonised inflation (HICP) jumped from 1.3% in September to 1.5% in October. 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 edges up in October
November 16, 2010
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Austria Economic News
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 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.
August 30, 2016
In August, the manufacturing Purchasing Managers’ Index (PMI) produced by Bank Austria came in at 52.1, which was down from July’s 53.4.
August 29, 2016
The economy lost steam in the second quarter of 2016, according to the revised data released by the Austrian Institute of Economic Research (WIFO) on 29 August.