Annual inflation rate in Austria decreased to 1.2 percent in September of 2019 from 1.5 percent in the previous month. It was the lowest inflation since September 2016, as cost slowed for food & non-alcoholic beverages (0.8 percent vs 1.5 percent in August), of which prices increased for meat (+1 percent), bread & cereals (1.8 percent), milk, cheese & eggs (2 percent), vegetables (2.3 percent), and fish (6.6 percent) while cost fell for fruit (-3.7 percent) and non-alcoholic beverages (-3.6 percent). Also, prices slowed for housing & utilities (2.8 percent vs 3 percent). In addition, prices fell further for transport (-0.6 percent vs -0.4 percent), particularly fuel (-5.1 percent vs -3.5 percent), and communication (-4.3 percent vs -4.1 percent). On a monthly basis, consumer prices went up 0.5 percent, following a 0.1 percent gain in August. Inflation Rate in Austria averaged 3.22 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 1.70 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 1.70 in 12 months time. In the long-term, the Austria Inflation Rate is projected to trend around 1.70 percent in 2020, according to our econometric models.