Inflation Austria 1978
Average inflation: 3.6%
Current Inflation
Inflation is high at 3.6%, well above the ECB target.
Peak and Trough
The highest inflation was in January at 4.0%. The lowest inflation was in July at 3.0%.
- Highest month
- January: 4.0%
- Lowest month
- July: 3.0%
- Difference
- 1.0 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food and non-alcoholic beverages with an average of 3.0%. The lowest price increase was in Food and non-alcoholic beverages with an average of 3.0%.
- Highest increase
- Food and non-alcoholic beverages: 3.0%
- Lowest increase
- Food and non-alcoholic beverages: 3.0%
Historical Context
Current inflation is 3.3% lower than the 5-year average of 6.9%.
- 5-year average
- 6.9%
- 10-year average
- 6%
- All-time high (1974)
- 9.5%
- All-time low (1959)
- 1.1%
Trend
Inflation shows a downward trend. Compared to 1977, inflation has fallen by +1.9 percentage point.
- Change vs. previous year
- -1.9 percentage points
- Largest monthly swing
- July: -3.3 percentage points
ECB Target
Inflation is 1.6% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €103.60 next year at this inflation rate.
Multi-year trend
Monthly figures 1978
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1977 |
|---|---|---|
| January | 4.0% | -2.9 |
| February | 3.8% | -2.6 |
| March | 3.8% | -2.0 |
| April | 3.9% | -1.6 |
| May | 3.8% | -2.0 |
| June | 3.2% | -2.5 |
| July | 3.0% | -3.3 |
| August | 3.6% | -1.5 |
| September | 3.4% | -1.6 |
| October | 3.1% | -1.9 |
| November | 3.6% | -0.8 |
| December | 3.7% | -0.5 |
| Average | 3.6% |
Data source
Data from OECD. Last updated: 20/12/2025.