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Tag: inflation austria

  • Inflation decreased to 0.7% in May 2020 in Austria

    Inflation decreased to 0.7% in May 2020 in Austria

    In May 2020, the inflation rate was 0.7%, as Statistics Austria reports (April 2020: 1.5%). Significantly lower prices for fuels were mainly responsible for the decrease of the May inflation rate.

    Moreover, the price increases for food diminished and garments became cheaper.

    “Housing, water and energy” (+2.2% compared to May 2019) remained the most important price driver.

    The index level of the consumer price index 2015 (CPI 2015) was 107.4 in May 2020. Compared to the previous month, the average price level decreased by 0.6%.

  • Austria: Inflation decreased to 1.5% in April 2020

    Austria: Inflation decreased to 1.5% in April 2020

    In April 2020, the inflation rate was 1.5%, as Statistics Austria reports (March 2020: 1.6%). Lower prices for fuels were mainly responsible for the decrease of the April inflation rate.

    Price increases for housing, water and energy (+2.3% compared to April 2019) remained the most important price driver, followed by those for food (+2.6%).

    The index level of the consumer price index 2015 (CPI 2015) was 108.1 in April 2020. Compared to the previous month, the average price level remained unchanged with ±0.0%.

    The index level of the harmonised index of consumer prices (HICP 2015) was 108.75 in April 2020, with the harmonised inflation rate amounting to 1.5%.