The annual inflation rate in Austria was 1.3 percent in November of 2020, the same as in the previous month and remaining at the lowest level since June. Prices slowed mostly for housing & utilities (2.1 percent vs 2.2 percent in October); alcoholic beverages & tobacco (1.9 percent vs 2.1 percent); furnishings (0.5 percent vs 0.8 percent) and miscellaneous goods & services (2.1 percent vs 2.5 percent). Also, cost fell for transport (-3.1 percent vs -3.2 percent); clothing & footwear (-0.2 percent vs -0.4 percent) and communications (-2 percent vs -1.3 percent). At the same time, inflation remained steady for food & non-alcoholic beverages (at 2.7 percent) and restaurants & hotels (at 3.3 percent). On a monthly basis, consumer prices were up 0.2 percent, following a 0.1 percent increase in the previous month. source: Statistics Austria
Inflation Rate in Austria averaged 3.19 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 December of 2020.
Inflation Rate in Austria is expected to be 0.80 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.