Inflation in Austria
Austria - Inflation
Inflation rises to highest level in more than two years
In February, consumer prices rose 0.7% over the previous month, which contrasted the revised 0.1% fall witnessed in January (previously reported: -0.2% month-on-month). The February rise mainly reflected higher prices for clothing and footwear as well as for recreation and culture, particularly package holidays. Annual headline inflation jumped from 2.4% in January to 3.0% in February, which represented the highest level since October 2008. The reading reflected higher prices for mineral oil products, in particular for fuels (+22.0% year-on-year) and heating oil (+30.0% yoy). Annual HICP inflation (based on harmonised index of consumer prices) rose from 2.5% in January to 3.1% in February, which marked the highest rate since September 2008. As a result, annual average HICP inflation stood at 2.0% in February. In its December economic outlook report, the Central Bank anticipates HICP inflation to average 2.2% this year. For 2012, monetary authorities expect inflation to average 1.8%.
Austria - Inflation Data
|Inflation Rate (CPI, annual variation in %)||2.0||1.6||0.9||1.0||2.1|
5 years of economic forecasts for more than 30 economic indicators.
Austria Inflation Chart
Source: Austrian National Bank and FocusEconomics calculations.
|Bond Yield||0.39||0.40 %||Mar 20|
|Exchange Rate||1.14||0.65 %||Mar 20|
|Stock Market||3,066||-1.00 %||Mar 20|
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March 1, 2019
The economy grew at a slightly quicker pace in the fourth quarter than previously estimated, as highlighted by a second reading of national accounts data.
February 26, 2019
Business conditions in the Austrian manufacturing sector improved at the slowest pace in over three years in February, with the Bank Austria Purchasing Managers’ Index (PMI) dropping from 52.7 in January to 51.8.
February 25, 2019
Industrial production in Austria contracted 0.2% over the prior month in December, up from a revised 1.1% drop in November (previously reported: -2.4% month-on-month).
January 30, 2019
According to a preliminary estimate, the Austrian economy grew 0.2% in the fourth quarter over the previous quarter, down noticeably from the 0.4% expansion recorded in the third quarter.
January 30, 2019
Consumer sentiment dropped to minus 2 in January, from a revised minus 1 in December (previously reported: +9).