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||0.04||0.40 %||Jun 13|
|Exchange Rate||1.13||0.65 %||Jun 13|
|Stock Market||2,949||-1.00 %||Jun 13|
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May 30, 2019
On 27 May, Austria entered unchartered political waters; for the first time in the country’s modern history has a chancellor (and his newly-installed technocratic government) been ousted from office by a Parliamentary no-confidence vote.
May 30, 2019
Consumers were neither pessimistic nor optimistic in May, with the consumer confidence index rising to the neutral zero-point mark in May from minus 3 in April.
May 29, 2019
A second reading of national accounts data revealed that the economy grew at a faster pace than previously estimated in the first quarter of the year.
May 28, 2019
Bank Austria’s Purchasing Managers’ Index (PMI) moved further south of the neutral 50-point mark in May, as the index fell to an over four-year low of 48.3 (April: 49.2), indicating weakening economic momentum in the second quarter.
May 24, 2019
Industrial output in Austria dropped 1.0% over the previous month in March, swinging from February’s upwardly revised 1.4% increase (previously reported: +0.6% month-on-month).