Austria Inflation
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.
Austria Inflation Chart
This chart displays Inflation (HICP, ann. var. %, aop) for Austria from 2013 to 2022.
Austria Inflation Data
| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Inflation (HICP, ann. var. %, aop) | 2.1 | 1.5 | 1.4 | 2.8 | 8.6 |
| Inflation (HICP, ann. var. %, eop) | 1.7 | 1.8 | 1.0 | 3.8 | 10.5 |