Austria Inflation Rate

The annual inflation rate in Austria increased to 3.2% in January 2025, slightly below initial estimates of 3.3% but up from 2% in the previous month. This marked the highest reading since May 2024, as prices accelerated for housing and utilities (4.4% vs 0.2% in December), transport (2.4% vs 1%), and recreation and culture (3.5% vs 2.1%). At the same time, costs declined less for clothing and footwear (-1.1% vs -2%) and communication (-4.9% vs -5.1%). Conversely, inflation slowed for restaurants and hotels (5.6% vs 6.2%) and miscellaneous goods and services (4% vs 4.7%). On a monthly basis, consumer prices rose by 1% in January, slightly below preliminary estimates of 1.1% but up from a 0.6% gain in the prior month. Meanwhile, the harmonized index advanced by 3.4% year-on-year and 0.9% from a month earlier.