The annual inflation rate in Austria stood at 1.7 percent in May 2019, unchanged from the previous month. Prices slowed for food & non-alcoholic beverages (1.0 percent vs 1.2 percent in April); transport (0.8 percent vs 1.7 percent); furniture & household equipment (0.8 percent vs 1.0 percent); restaurants & hotels (2.7 percent vs 2.8 percent) and for alcoholic beverages & tobacco (1.3 percent vs 1.5 percent). On the other hand, inflation remained steady for housing & utilities (at 3.0 percent); recreation & culture (at 1.1 percent) and education (at 2.6 percent) while cost rose faster for clothing & footwear (1.3 percent vs 0.3 percent); health (1.2 percent vs 1.1 percent) and miscellaneous goods & services (2.1 percent vs 1.7 percent).On a monthly basis, consumer prices were up 0.2 percent, following a 0.1 percent increase 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.