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||0.9||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||-0.22||0.40 %||Jul 31|
|Exchange Rate||1.11||0.65 %||Jul 31|
|Stock Market||2,985||-1.00 %||Jul 31|
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August 23, 2019
Industrial output in Austria rose 0.5% month-on-month in June, contrasting May’s revised 0.9% decrease (previously reported: -1.0% month-on-month).
August 9, 2019
Sentiment among Austrian consumers was unchanged at minus 4 in July, marking the joint-lowest reading since March 2017.
July 30, 2019
Growth momentum in Austria lost some dynamism as the economy expanded 0.2% quarter-on-quarter in the second quarter, down from the first quarter’s 0.4% expansion.
July 29, 2019
At the start of the third quarter, conditions in the Austrian manufacturing sector worsened as the Bank Austria Purchasing Managers’ Index (PMI) fell to a nearly six-year low of 47.0, down from June’s 47.5, boding poorly for economic momentum in the third quarter.
June 28, 2019
Sentiment among Austrian consumers nosedived from a neutral reading in May to minus 4.0 in June, marking the lowest reading since March 2017 and ending the second quarter on a low.