In September, consumer prices rose 0.4% over the previous month, which doubled the 0.2% increase recorded in August. The monthly price rise was mainly the result of higher prices for clothing and footwear (August: +4.3% month-on-month; September: +11.3% mom), owing to the seasonal change in clothing stocks for autumn and winter. On an annual basis, inflation rose from 1.7% in August to 1.9% in September, which reflected increasing prices for mineral oil products (August: +10.0% year-on-year; September: +12.7% yoy). Furthermore, annual harmonised inflation (HICP) rose from 1.6% in August to 1.8% in September. In its biannual economic outlook report, the Central Bank raised its inflation forecasts and now expects harmonised inflation to average to 1.7% for both this year and next, up from its previous forecast of 1.5% for this year and 1.6% for 2011.
Inflation rises in September
October 15, 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.