Inflation in Austria
Harmonized inflation declines to lowest level since June 2022 in March
Harmonized inflation fell to 9.2% in March, following February’s 11.0%. March’s reading marked the lowest inflation rate since June 2022. The result was driven by moderating price pressures for food and non-alcoholic beverages, and housing and utilities.
Annual average harmonized inflation edged up to 9.9% in March (February: 9.7%). Meanwhile, consumer price inflation fell to 9.2% in March, from the previous month’s 10.9%.
Finally, harmonized consumer prices rose 0.56% from the previous month in March, slowing down from the 0.82% rise seen in February.
Austria Inflation Chart
Austria Inflation Data
2017 | 2018 | 2019 | 2020 | 2021 | |
---|---|---|---|---|---|
Inflation (HICP, ann. var. %, eop) | 2.3 | 1.7 | 1.8 | 1.0 | 3.8 |