The annual inflation rate in Austria dropped to 1.5 percent in April of 2020 from 1.6 percent in the previous month. It was the lowest inflation rate since December, amid lockdown measures and falling fuel prices. Prices slowed for housing & utilities (2.3 percent vs 2.4 percent in March) and restaurants & hotels (3.1 percent vs 3.2 percent) while transport cost fell further (-1.6 percent vs -0.4 percent), due to fuels such as diesel (-14.7 percent) and gasoline (-14.8 percent). Conversely, inflation quickened for food & non-alcoholic beverages (2.6 percent vs 1.8 percent) and recreation & culture (2.2 percent vs 1.7 percent). On a monthly basis, consumer prices were flat, after increasing 0.3 percent in the prior month.
Inflation Rate in Austria averaged 3.21 percent from 1958 until 2020, reaching an all time high of 10.20 percent in September of 1974 and a record low of -3 percent in March of 1959. This page provides - Austria Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Austria Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2020.
Inflation Rate in Austria is expected to be 1.80 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 1.60 in 12 months time. In the long-term, the Austria Inflation Rate is projected to trend around 1.70 percent in 2021, according to our econometric models.