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||0.44||0.40 %||Jan 16|
|Exchange Rate||1.14||0.65 %||Jan 16|
|Stock Market||2,929||-1.00 %||Jan 16|
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December 21, 2018
Output in Austria’s industrial sector increased 1.2% over the previous month in October, up from a revised 0.8% expansion in September (previously reported: +0.2% month-on-month).
November 30, 2018
Consumer confidence in Austria was stable at 9 in November and remained handsomely above the crucial zero-point mark separating optimism from pessimism. Although the headline figure remained unchanged, some changes occurred in the underlying components.
Austria: Business conditions improve at a faster clip in November, but concerns drive outlook sentiment down
November 28, 2018
The Bank Austria Purchasing Managers’ Index (PMI), released by IHS Markit, rose from a two-year low of 53.8 in October to 54.9 in November.
November 23, 2018
Industrial production increased 0.2% in September over the prior month, contrasting August’s revised 1.2% drop (previously reported: -1.4% month-on-month), driven by the energy sector and robust growth in capital goods and consumer durables. Compared to the same month a year ago, industrial output expanded 2.6% in September on a working-day adjusted basis, slightly down from August’s 2.8% increase.
October 31, 2018
Sentiment among consumers eased slightly in October, with the index dipping to 9 from 10 in September.