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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September 22, 2021
Industrial output decreased 0.2% month-on-month in seasonally-adjusted terms in July (June: +2.1% mom).
September 2, 2021
A second release of national accounts data revealed that the economy grew 3.6% on a seasonally-adjusted quarter-on-quarter basis in the second quarter.
August 30, 2021
Consumer confidence was stable at July’s 0-point neutral level in August. The reading reflected less downbeat views over the financial situation of households and the general economy over the past 12 months being offset by slightly less upbeat views on the financial situation of households and the general economy in the year ahead.
August 27, 2021
Operating conditions in Austria’s manufacturing sector continued to improve at a marked, albeit softer, pace in August, with the UniCredit Bank Austria Manufacturing Purchasing Managers’ Index (PMI) easing to 61.8 from 63.9 in July.
August 10, 2021
Industrial output dropped 1.8% month-on-month on a seasonally-adjusted basis in June, matching May’s print.