Annual inflation rate in Austria went down to 1.4 percent in July of 2019 from 1.6 percent in the previous month. It was the lowest inflation since December of 2016, as cost slowed for furnishings & household equipment (0.9 percent from 1.2 percent); recreation & culture (1.3 percent from 1.6 percent); health (0.5 percent from 1.5 percent) and miscellaneous goods & services (1.4 percent from 1.7 percent). Also, transport cost showed no growth in July, after a 0.4 percent increase in June while inflation was steady for housing & utilities (at 3.1 percent) and education (at 2.5 percent). On the other hand, prices advanced faster for food & non-alcoholic beverages (1.1 percent from 0.9 percent) and restaurants & hotels (3.2 percent from 3.1 percent). On a monthly basis, consumer prices decreased 0.4 percent, after a 0.1 percent gain in June. Inflation Rate in Austria averaged 3.23 percent from 1958 until 2019, reaching an all time high of 10.20 percent in September of 1974 and a record low of -3 percent in March of 1959.
Inflation Rate 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 Inflation Rate in Austria to stand at 1.80 in 12 months time. In the long-term, the Austria Inflation Rate is projected to trend around 2.00 percent in 2020, according to our econometric models.