Cost of food in Austria increased 1.30 percent in May of 2020 over the same month in the previous year.
Food Inflation in Austria averaged 1.89 percent from 2012 until 2020, reaching an all time high of 4.76 percent in December of 2012 and a record low of 0.10 percent in May of 2016. This page provides the latest reported value for - Austria Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Austria Food Inflation - values, historical data and charts - was last updated on July of 2020.
Food Inflation in Austria is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Austria to stand at 1.80 in 12 months time. In the long-term, the Austria Food Inflation is projected to trend around 1.90 percent in 2021 and 2.00 percent in 2022, according to our econometric models.