The annual inflation rate rose to 1.8 percent in March 2019 from 1.5 percent in the previous month. Main upward pressure came from prices of housing & utilities (3.0% vs 2.8% in February), namely electricity (3.9%, the same as in February) and heating oil (10.2% vs 8.4%); restaurants & hotels (2.8% vs 2.7%); recreation & culture (1.6% vs 1.4%); food & non-alcoholic beverages (1.5% vs 1.1%); transport (1.4% vs 0.5%), of which diesel fuel (6.9% vs 4.2%) and clothing & footwear (0.8% vs -1.1%), led by garments (0.8% vs -1.4%) and shoes (0.4% vs -0.1%). Meanwhile, inflation was steady for miscellaneous goods & services (at 1.7%) while it slowed for education (2.9% vs 3.4%); alcoholic drinks and tobacco (1.6% vs 1.9%) and furnishings (0.5% vs 1.4%). On a monthly basis, consumer prices went up 0.9 percent, after being flat in the previous month. 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 2.30 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 1.90 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.