Inflation in Austria
Austria - Harmonized Inflation
Inflation rises to highest level in more than two years
In February, consumer prices rose 0.7% over the previous month, which contrasted the revised 0.1% fall witnessed in January (previously reported: -0.2% month-on-month). The February rise mainly reflected higher prices for clothing and footwear as well as for recreation and culture, particularly package holidays. Annual headline inflation jumped from 2.4% in January to 3.0% in February, which represented the highest level since October 2008. The reading reflected higher prices for mineral oil products, in particular for fuels (+22.0% year-on-year) and heating oil (+30.0% yoy). Annual HICP inflation (based on harmonised index of consumer prices) rose from 2.5% in January to 3.1% in February, which marked the highest rate since September 2008. As a result, annual average HICP inflation stood at 2.0% in February. In its December economic outlook report, the Central Bank anticipates HICP inflation to average 2.2% this year. For 2012, monetary authorities expect inflation to average 1.8%.
Austria - Harmonized Inflation Data
|Inflation Rate (HICP, annual variation in %)||2.1||1.5||0.8||0.9||2.2|
5 years of economic forecasts for more than 30 economic indicators.
Austria Harmonized Inflation Chart
Source: Austrian National Bank and Met the why particular calculations.
|Bond Yield||0.24||0.11 %||May 13|
|Exchange Rate||1.12||0.65 %||May 13|
|Stock Market||3,011||-1.00 %||May 13|
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May 22, 2019
Consumer confidence dropped to minus 3 in April from minus 1 in March as the Consumer Confidence Index moved further south of the neutral zero-point mark that separates optimism from pessimism. The drop in sentiment reflected less optimism regarding households’ financial situations in the next 12 months and a deterioration in consumers’ views on the general economic situation in the same period, which swung from optimism to pessimism.
April 30, 2019
The economy kept pace in the first quarter of 2019 according to a preliminary release, growing 0.3% over the previous quarter and matching the result of the fourth quarter.
April 26, 2019
Austria’ manufacturing sector began the second quarter on a sour note with the Bank Austria Purchasing Managers’ Index (PMI) dropping to 49.2 in April from a neutral reading of 50.0 in March.
April 25, 2019
Industrial production in Austria increased 0.6% month-on-month in February, slightly below January’s revised 0.7% expansion (previously reported: +1.9% month-on-month).
April 24, 2019
Sentiment among consumers rose from minus 2 in February to minus 1 in March.