A city on a lake in Austria

Austria Inflation January 2024

Austria: Harmonized inflation falls to over two-year low in January

Harmonized inflation dropped to 4.3% in January (December: 5.7%), the weakest inflation rate since December 2021, despite being markedly above the Euro area’s average of 2.8%. The decline was broad-based and chiefly reflected lower price pressures recorded for housing and utilities, and for food and non-alcoholic beverages.

Accordingly, the trend pointed down, with annual average harmonized inflation coming in at 7.1% in January (December: 7.7%). Meanwhile, consumer price inflation fell to 4.5% in January, from December’s 5.6%.

Lastly, harmonized consumer prices fell 0.35% from the previous month in January, contrasting the 0.47% increase recorded in December. January’s result marked the weakest reading in two years.

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