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 %)||0.9||0.9||2.1||2.0||1.5|
5 years of economic forecasts for more than 30 economic indicators.
Austria Inflation Chart
Source: Austrian National Bank and FocusEconomics calculations.
|Bond Yield||0.03||0.40 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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June 26, 2020
Manufacturing operating conditions contracted at a softer pace in June, with the UniCredit Bank Austria Manufacturing Purchasing Mangers’ Index (PMI) rising to a four-month high of 46.5 from 40.4 in May.
June 25, 2020
Industrial output decreased 15.1% in month-on-month terms in April, which was a larger contraction than March's 7.0% decrease.
May 29, 2020
Consumer confidence rose to minus 14 in May from the over one-decade low of minus 18 in April.
May 27, 2020
Operating conditions in the Austrian manufacturing sector contracted at a softer pace in May compared to April as lockdown measures are gradually lifted, enabling greater economic activity.
May 25, 2020
Industrial output plummeted 9.5% month-on-month in March, down from February’s revised 2.7% contraction (previously reported: -2.4% month-on-month).