Inflation rate in Austria increased to 2.2% in October of 2018 from 2% in the previous month. Prices rose faster for transport (5% from 3.8% in September), due to fuels (15.8% from 13.9%) and repairs of private transport (3% from 2.9%); housing & utilities (2.8% from 2.1%), particularly heating oil (30.1% from 24.8%) and electricity (3.9% from 0.1%); restaurants & hotels (3.3% from 3.1%) and education (3.3% from 2.7%). On the other hand, cost slowed for food & non-alcoholic beverages (1.2% from 1.3%); household equipment (1.7% from 2.2%); health (2.1% from 2.7%) and alcoholic beverages & tobacco (3.7% from 3.9%). Meanwhile, inflation was steady for miscellaneous goods & services (2.1%, the same as in September) and prices fell for recreation & culture (-0.2% from 0.2%). On a monthly basis, consumer prices went up 0.3%, easing from a 0.8% gain in September. Inflation Rate in Austria averaged 3.24 percent from 1958 until 2018, 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 2.20 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.