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Austria Inflation January 2023

Austria: Harmonized inflation comes in at highest level since October 2022 in January

Harmonized inflation rose to 11.5% in January, above December’s 10.5%. January’s result marked the highest inflation rate since October 2022. The acceleration was broad-based, with greater price pressures recorded for food and non-alcoholic beverages, transportation, and housing and utilities.

Consequently, the trend pointed up; annual average harmonized inflation rose to 9.2% in January (December: 8.6%). Meanwhile, consumer price inflation rose to 11.2% in January, from December’s 10.2%.

Finally, harmonized consumer prices rose 0.83% over the previous month in January, contrasting the 0.28% drop seen in December. January’s figure was the highest reading since October 2022.

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