Unchanged Upward Trend for Wholesale Prices

The Austrian wholesale price index in November 2011 was up by 5.5% against November 2010.

December 7, 2011

Retail Trade: Salary Increase of 3.6%

520,000 employees are concerned by the new collective agreement. Additional cost for the companies will amount to approximately € 650m.

November 30, 2011

Energy Prices Rose by 12% in October

Austrian households have to pay a significant higher price for fuel and heating oil. Against October 2010, diesel price rose by 20%. Heating oil was up by 21.4%.

November 28, 2011

Industrial Producer Prices Went Up by 3.5% in September

The development was mainly driven by prices of intermediate goods. Energy prices were up by 8.7% on average.

November 18, 2011

Austrian Inflation Decreases to 3.4%

Consumer Price Inflation decreased to +3.4% in October 2011. The main draivers are lodging and energy prices.

November 16, 2011

Salaries Increase by 3.0%

For 2012, Austrian salaries will rise by 3.0% on average. This is beyond the inflation rate by 0.8%.

November 8, 2011

Wholesale Prices Still on the Rise

Austrian wholesale price index in October 2011: +6.2% against October 2010.

November 7, 2011

Austrian Wage Increases below European Average

Real incomes are expected to go up by 0.8% next year. The average rate for Europe will be 1.3%.

November 4, 2011

Nowotny Expects Lower Growth Rates

The head of the Austrian Central Bank (OeNB) Ewald Nowotny lowers the growth estimation for the Austrian economy.

October 31, 2011

Growth of Industrial Producer Prices Slowed Down in August

Prices of industrial goods gained 3.2% in August 2011. Against July, the price index fell by 0.2%.

October 20, 2011

Collective Bargaining Starts in Trade Sector

After the complicated negotiations between employers and the trade union of the Austrian metal industry, the trade sector continues. 520.000 workers are concerned.

October 19, 2011

Solution Found: Wage Increase by 4.2%

After heated debates and strike threats, representatives of the Austrian metal industry and the trade union came to an agreement.

October 18, 2011

Rents in Vienna Still on the Rise

Since the beginning of 2011, rents on the Viennese rental market increased by 2.0%. On average, the rent for one square meter is € 13.00.

October 17, 2011

Austrian Economy Cooling Down Rapidly

Drastic deterioration in industrial climate and consumer sentiment point to a break in the economic recovery in the second half of 2011.Economic outlook for 2012 lowered to just 1.4 per cent.

October 15, 2011

Inflation Rises to Highest Level in Three Years

Consumer price inflation rose to 3.6% in September, the highest value since September 2008. Mineral oil products remained the main price driver.

October 14, 2011

Wholesale Prices Continue Upward Trend

Wholesale price index in September 2011: +6.4% against September 2010, +0.6% against August 2011. Main drivers were coffee and oil products.

October 7, 2011

Economic Crisis: Austrians Pessimistic

The majority of Austrians thinks that the economic crisis will persist and will become even worse.

October 1, 2011

IMF: Austrian Growth Slabs

The IMF expects the Austrian economy to grow by 3.3% in 2011. Next year, GDP growth should fall to 1.6%.

September 20, 2011

Moderate Upward Trend for Industrial Producer Prices

Rise of the Austrian industrial producer prices in July 2011 by 3.6% compared to July 2010.

September 19, 2011

Inflation Falling Slightly in August

Consumer price inflation dropped to 3.4% in August. Above-average price increases were registered for traffic and household energy.

September 15, 2011

Construction Costs Continue to Increase

August brought a further rise in construction costs: +2.3% against 2010, +0.3% compared to July 2011.

September 15, 2011

Strong Rise in Industrial Prices Holds On

Austrian Wholesale price index in August 2011: +6.9% against August 2010. However, compared to July 2011, prices decreased.

September 7, 2011

Rapid Increase in Household Energy Prices

Austrian energy prices rose by 10.9% year-on-year. Diesel and gasoline were main drivers with a plus of 19.3% and 14.2%, respectively.

August 29, 2011

Industrial Producer Prices Up 3.9% in June

The Producer Price Index fell marginally against the previous month. Compared to June 2010, prices were still 3.9% higher in June 2011.

August 19, 2011

Retiree Representatives Demand 2.7% Pension Increase

According to legal regulations, Austrian pension payments have to be adjusted for the previous year’s inflation. Next year the cost would be approximately € 1bn.

August 17, 2011

Inflation Speeds Up in July

Consumer price inflation rose to 3.5% in July, the highest value since September 2008. Mineral oil products remained the main price driver.

August 17, 2011

Further Increase in Construction Cost

Construction cost continued to increase in July 2011: +2.1% against 2010, +0.1% compared to June 2011.

August 16, 2011

Construction Output Price Index Keeps Increasing

The index reached 103.2 points in the second quarter: +3.6% year-on-year, +0.5% against the first quarter.

August 10, 2011

Wholesale Prices Still on the Rise

Wholesale price index in July 2011: +9.3% against July 2010, +0.2% against June 2011. Main drivers were cereals, fertilizers and gasoline.

August 5, 2011

Rise of Industrial Producer Prices Is Slowing Down

Prices of industrial goods gained 4.6% in May 2011. For the first time in six months the annual rate of change was less than 5%.

July 20, 2011

Food Prices Continue to Rise Rapidly

Within three months, prices increased by more than 8%. The Austrian Chamber of Labor asked the government to take countermeasures.

July 19, 2011

Economic Growth to Slow Down in Second Half of 2011

Real growth is predicted to fall to 0.3% in the third quarter. The forecast is based on reduced export prospects, a lower number of new orders and the euro crisis.

July 19, 2011

Prices of Household Energy Up 9.8% in June

Fuel, heating oil and gas were identified as main price drivers. Compared to the last month, a slight decline in energy prices was registered.

July 19, 2011

Inflation Rate Remains on a High Level

Consumer price inflation was steady at 3.3% in June 2011. Above-average price increases were registered for traffic and foodstuffs.

July 14, 2011

OECD Calls for Reforms and Increased Efficiency

The OECD expects growth of 2.9% in 2011 and a further decline in the unemployment rate. To maintain the country’s performance the study recommends reforms in many areas.

July 11, 2011

Strong Increase in Wholesale Prices

Wholesale price index in June 2011: +8.9% against June 2010, +0.5% against May 2011. Main drivers were cereals, fertilizers and gasoline.

July 6, 2011

Massive Increase in Household Energy Prices in May

Energy prices were up 9.7% year-on-year, while a slight decline was registered compared to the last month. Main drivers were fuel and gas.

July 4, 2011

Increase in Austrian Electricity Price below EU Average

Electricity and gas are relatively expensive in Austria compared to other EU countries. The electricity price rose by 1.1% in 2009/10.

June 29, 2011

Austria in the Upper Third of Comparative Price Levels across Europe

Austria recorded the eighth highest price level among the 27 EU member countries. Food and energy were found to be the most expensive segments in the country as compared to European prices.

June 28, 2011

Further Rise in the Industrial Producer Price Index

Prices for industrial goods continue their upward trend: +5.1% in April 2011 compared to April 2010.

June 17, 2011

Inflation Rate Decreased Slightly in May 2011

The Austrian inflation rate fell from 3.3% in April to 3.2% in May 2011. Mineral oil and food products remained the main price drivers.

June 16, 2011

Further Increase in Construction Cost in May

Construction cost index in May 2011: +0.5% compared to the previous month, +1.5% year-on-year.

June 15, 2011

Slight Drop in Wholesale Prices

Austrian wholesale price index in May 2011: -0.9% against April 2011, +8.1% against May 2010. Main drivers were cereals, fertilizers and coffee.

June 8, 2011

Purchasing Power Parities 2011 from the Austrian Perspective

US travelling is cheap due to the strong euro. Austrians have high purchasing power advantages of around 50% in the Czech Republic, Slovakia and Hungary.

May 27, 2011

Prices for Industrial Goods Continue Upward Trend

Industrial producer prices are still increasing in Austria: +5.4% in March 2011 compared to March 2010.

May 20, 2011

Inflation Rate Increases to 3.3%

The highest inflation rate in Austria since 2008 is mainly due to price increases of oil products and groceries.

May 16, 2011

Moderate Increase in Austrian Construction Prices

Construction output price index (new base year 2010) increases in the first quarter of 2011 by 4.2%.

May 11, 2011

Strong Upswing in Austria

Indicators point to a strong and dynamic economic recovery. Surveys of local companies in the manufacturing sector reflect great optimism concerning the course their business is taking.

May 10, 2011

Significant Rise in Wholesale Prices

Austrian Wholesale price index in April 2011: +9.5% against April 2010. Main Drivers are Cereals, Fuel and Fertilizer.

May 6, 2011

Energy Prices for Households still on the Rise

Especially mineral oil product prices rose steadily in the first quarter of 2011. Electricity prices remained stable.

April 23, 2011
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