Inflation

Inflation went up to 3.1%

Austrian Consumer Price Inflation increased to 3.1% in March 2011 - the main drivers are energy and food prices.

April 16, 2011

Austrian Construction Costs Increase Further

Construction cost continued to increase sharply in March 2011: +3.3% against 2010.

April 16, 2011

Massive Increase in Wholesale Prices

Wholesale price index in March 2011: +12.1% against March 2010. Cereal and feeding stuff prices almost doubled.

April 7, 2011

Forecast: Austria's Economic Growth in 2011 at 2.5%

The upswing in the first half year continues mainly due to strongly growing exports. A flattening of growth is expected after this.

April 2, 2011

Austrian Producer Prices Still on the Rise

Strong rise of industrial producer prices in January 2011: +5.0% compared to January 2010.

March 22, 2011

Austrian Inflation Rate Increases up to 3.1%

Consumer Price Inflation (HICP) jumped to 3.1% in February 2011, which is mainly due to the increase in prices for energy, fuel, rents and foodstuffs.

March 17, 2011

Austrian Inflation Speeds Up

The Austrian consumer price inflation increased to 2.5% in January 2011. This development has been caused by rising energy prices.

March 1, 2011

Austrian Gas Price Index at a New High

The Austrian gas price index ÖGPI(C) recorded a significant increase in March 2011 in comparison with the previous month, rising to 117.16 points.

February 26, 2011

Increase of Inflation Forecast

The Austrian Institute of Advanced Studies (IHS) increases its inflation expectations to 2.4% due to the increase in energy prices

February 24, 2011

Austrian Industrial Producer Prices up by 4.9%

Ongoing upward trend for industrial producer prices in December 2010: +4.9% compared to December 2009; Annual average 2010: +2.7% against 2009

February 19, 2011

Construction Costs Further on the Rise

The Austrian construction cost index with new base year 2010 increases by 3.7% in January 2011.

February 16, 2011

Austrian Constructing Price Index Rising

Construction output price index for building construction and civil engineering increased by 3.9%.

February 11, 2011

Sustained Growth

International economic recovery continues in early 2011. The WIFO business survey also indicates sustained growth for Austria.

February 10, 2011

Oil Prices Rose Sharply in December

The Energy Price Index (EPI) calculated by the Austrian Energy Agency rose 2.3% in December 2010 compared with the previous month.

February 8, 2011

Wholesale Price Index Strongly Rising

Austrian Wholesale price index in January 2011: +11.6% against January 2010.

February 8, 2011

Austrian Inflation to be well above 2% in 2011

Temporary price-drivers of fuels, commodities as well as the budget consolidation spurring inflation on, but lack of cyclical inflationary pressures.

January 27, 2011

Austrian Gas Price Index Continues to Rise Slightly

The February 2011 Austrian gas price index (ÖGPI) recorded a slight increase over the previous month Compared to January, it rises to a value of 114.89.

January 26, 2011

Industrial Producer Prices Up by 4.2%

According to Statistics Austrian, the industrial producer price index in November 2010 went up by +4.2% compared to November 2009.

January 21, 2011

Austrian Construction Costs up by 3.2% in 2010

Construction cost index 2010: increase of all three construction branches in annual comparison.

January 18, 2011

Inflation Increased up to 2.2% in Austria

The Consumer Price Inflation (HICP) increased up to 2.2 % in December 2010. This was mainly due to energy prices.

January 15, 2011

Commodity and Food Prices Rising

Austrian Wholesale price index in December 2010: +9.1% against December 2009; annual average 2010: +5.0% against 2009.

January 5, 2011

Real Estate Prices Rose in Vienna in 2010

Real estate prices rose in Vienna, according to the portal FindMyHome.at by almost 3%; rental prices slightly over 1%.

January 3, 2011

Changes in Living Standard of Austrians

A WIFO study compares the required average working time of industrial workers to the purchase of goods and services over the passage of time.

December 31, 2010

Nowotny Calls for Consistent Budget Consolidation

The Governor of the OeNB draws balance at the end of the year and gives his outlook on the challenges for 2011

December 30, 2010

Further Rise in Energy Prices for Households

Austrian energy prices in November 2010 were higher by 5.8% compared to the previous year. Only gas became cheaper.

December 27, 2010

Income Report: Workers' Wages Fell in Real Terms

In its income report, the Audit Court presents the evolution of the income of the Austrians. Increasing differences can be identified.

December 24, 2010

Further Increases in Prices of Industrial Goods

Increase in industrial producer prices in October 2010 is, according to Statistik Austria, +4.0% compared with the same month last year.

December 20, 2010

Inflation falls to 1.9% in November

According to calculations by Statistik Austria, the inflation rate for November 2010 was 1.9% after 2.1% in October. Price drivers are energy and housing.

December 16, 2010

Bank Austria´s Economic Analysis: 2% Growth in 2011

The analysis of the Austrian economy forecasts a strong recovery. Improvements in the labour market will continue, but the positive trend weakens.

December 16, 2010

Statistik Austria: Construction Costs Continue to Rise

Costs increase for residential and housing development construction; the index of bridge and road construction has declined however.

December 15, 2010

OECD: Austria's growth until 2012 at 2%

According to the report, the economy is returning back to normal values, but it will have to manage without fiscal stimulus.

November 18, 2010

Private Consumption of Austrians Increases

After the crisis of 2009, in which private consumption stagnated, expenditure on consumption rises massively again. The growth rate is 4.2%,

November 17, 2010

Consumer Price Inflation up to 2.0% in October 2010

Main drivers for inflation are energy prices. Thus, inflation further accelerates.

November 16, 2010

Austria´s Economy: Recovery Accelerates

According to the Report of Bank Austria “Austria´s Economy”, GDP increases stronger than expected. The labor market experiences some weaknesses.

November 15, 2010

Construction Costs: Continuous Upward Trend

Just as previously, construction prices continue rising in Austria. There is no end in sight for the upwards trend.

November 10, 2010

Consumer Price Inflation down at 1.7 % in August 2010; HICP 1.6 %

August inflation down to the lowest rate since February

September 15, 2010

Inflation in Austria fell slightly

Inflation in Austria fell from 2.0 to 1.9 percent in July on an annual basis. The main drivers were price increases for housing and fuels, which are responsible for half of the increase in CPI.

August 16, 2010

Expensive oil products - Inflation rises to 2.0 percent

The inflation rate was held high in June compared to last year due to higher prices of petroleum products.

July 14, 2010
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