Inflation in Austria
Austria - 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 - Inflation Data
|Inflation Rate (CPI, annual variation in %)||0.9||0.9||2.1||2.0||1.5|
5 years of economic forecasts for more than 30 economic indicators.
Austria 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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November 10, 2021
Industrial output decreased 2.3% month-on-month in seasonally-adjusted terms in September (August: -1.2% mom).
October 29, 2021
Economic growth remained robust in the third quarter, despite cooling somewhat, with GDP expanding 3.3% in quarter-on-quarter terms (Q2: +4.0% qoq).
October 27, 2021
Operating conditions in the Austrian manufacturing sector expanded at a softer clip at the outset of the fourth quarter, with the UniCredit Bank Austria Manufacturing Purchasing Manager’s Index (PMI) dropping to 60.6 in October from 62.8 in September.
October 25, 2021
Consumer confidence came in at minus 2.0 in October, up from September's minus 3.0.
October 8, 2021
Industrial output decreased 0.6% month-on-month in seasonally-adjusted terms in August (July: -1.2% mom).