Latest reading: Inflation ticked up to 2.4% in May from April’s 2.3%. The reading was slightly above the Fed’s 2.0%...
Inflation in Austria
In the year 2024, the inflation in Austria was 2.92%, compared to 1.46% in 2014 and 7.71% in 2023. It averaged 2.95% over the last decade. For more inflation information, visit our dedicated page.
Austria Inflation Chart
Note: This chart displays Inflation (HICP, ann. var. %, aop) for Austria from 2024 to 2023.
Source: Macrobond.
Austria Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (HICP, ann. var. %, aop) | 1.4 | 2.8 | 8.6 | 7.7 | 2.9 |
| Inflation (HICP, ann. var. %, eop) | 1.0 | 3.8 | 10.5 | 5.7 | 2.1 |
Harmonized inflation increases in April
Latest reading: Harmonized inflation came in at 3.3% in April, up from March’s 3.1%. The increase was largely due to stronger price growth for housing and utilities, hospitality, and recreation. Additionally, transport prices returned to growth in April after having declined in the prior month. Annual average harmonized inflation remained at March's 2.7% in April. Meanwhile, consumer price inflation ticked up to 3.1% in April from March’s 3.0%. Finally, harmonized consumer prices increased 0.27% over the previous month in April, moderating from March's 0.33% increase. April's result marked the weakest reading since August 2024.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Austrian inflation projections for the next ten years from a panel of 19 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Austrian inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Austrian inflation projections.
Want to get access to the full dataset of Austrian inflation forecasts? Send an email to info@focus-economics.com.
Latest Global Inflation News
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United States: Inflation rises in May but undershoots expectations -
Taiwan: Inflation declines to lowest level since March 2021 in May Latest reading: Inflation eased to 1.5% in May, below April’s 2.0%. May’s figure marked the weakest inflation rate since March... -
Mexico: Inflation comes in at highest level since November 2024 in May Latest reading: Inflation came in at 4.4% in May, up from April’s 3.9%. May’s result represented the highest inflation rate... -
Ukraine: Inflation hits over two-year high in May Latest reading: Inflation came in at 15.9% in May, which was up from April’s 15.1% and was the highest one... -
Indonesia: Inflation moderates in May Latest reading: Inflation inched down to 1.6% in May, following April’s 1.9% and approaching the floor of the Central Bank’s... -
Thailand: Consumer prices drop further in May Latest reading: Consumer prices decreased 0.6% year on year in May, following April’s 0.2% fall. May’s reading represented the largest... -
Dominican Republic: Inflation increases to over one-year high in May Latest reading: Inflation rose to 3.8% in May from April’s 3.7%. May’s figure represented the highest inflation rate since November...