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Inflation
Stagnation Expected for Austria
The Austrian economy is weakening steadily into the New Year. The Bank Austria Business Indicator continued to decline in November turning slightly negative as in the previous month.
December 17, 2011
Inflation Rate Climbs Back to 3.6%
Consumer price inflation went up again in November 2011. Above-average price increases were registered for traffic and household energy
December 15, 2011
Lower Increase of Construction Cost in November
Construction cost in November 2011: +1.6% against 2010, -0.2% compared to October 2011.
December 15, 2011
Only 0.3% GDP Growth in Third Quarter
The Austrian GDP stagnates, which is due to decrease in domestic consumption. The only positive impetus comes from the export industry.
December 9, 2011
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
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