A city on a lake in Austria

Austria Inflation May 2023

Austria: Harmonized inflation falls to lowest level since June 2022 in May

Harmonized inflation eased to 8.8% in May from April’s 9.4%. May’s reading represented the lowest inflation rate since June 2022. The moderation was largely due to milder rises in prices for food and non-alcoholic beverages, transport and recreation.

The trend was largely unchanged, with annual average harmonized inflation coming in at 10.1% in April up from 10.0% in May. Meanwhile, consumer price inflation fell to 9.0% in May, from the previous month’s 9.6%.

Lastly, harmonized consumer prices rose 0.15% over the previous month in May, below the 0.78% increase logged in April. May’s result marked the weakest reading since December 2022.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest