In January, consumer prices fell 0.2% over the previous month, which contrasted the 0.6% increase observed in December. Annual inflation rose from 2.3% in December to 2.4% in January, which represented the highest level since October 2008. The main drivers behind the annual increase were higher prices for transport, which were fanned by heightened fuel prices. The annual increase also reflected higher prices for utilities, which came on the back of elevated energy prices. Meanwhile, annual HICP inflation (based on harmonised index of consumer prices) rose from 2.2% in December to 2.5% in January, pushing annual average HICP inflation to 1.8%. 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%.
Inflation rises to its highest level in more than two years
February 28, 2011
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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.