The annual inflation rate in Austria edged down to 1.7 percent in January 2019 from 1.9 percent in the prior month. It is the lowest inflation rate since December of 2016, as prices slowed mainly for transport (0.8% vs 2.2% in December), namely diesel fuel (3.1% vs 8.9%) and miscellaneous goods & services (1.6% vs 2.0%). Meanwhile, cost advanced faster for restaurants & hotels (2.9% vs 2.8%); recreation & culture (2% vs 1.3%); food & non-alcoholic beverages (1.2% vs 0.8%) and housing & utilities (2.5% vs 2.3%). On a monthly basis, consumer prices decreased 0.8 percent, following a 0.1 percent gain in the previous month. Inflation Rate in Austria averaged 3.24 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 2.40 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 2.10 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.