Inflation Austria 1998
Average inflation: 0.9%
Inflation in 1998
Inflation is very low at 0.9%, well below the ECB target.
Peak and Trough
The highest inflation was in January at 1.2%. The lowest inflation was in October at 0.7%.
- Highest month
- January: 1.2%
- Lowest month
- October: 0.7%
- Difference
- 0.5 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 2.0%. The lowest price increase was in Communication with an average of -1.3%.
- Highest increase
- Food and non-alcoholic beverages: 2.0%
- Lowest increase
- Communication: -1.3%
Historical Context
Inflation is 1.0 percentage points lower than the 5-year average of 1.9%. This approaches the lowest level since records began (0.9% in 1998).
- 5-year average
- 1.9%
- 10-year average
- 2.6%
- All-time high (1981)
- 6.8%
- All-time low (1998)
- 0.9%
Trend
Over the period 1996-1998, inflation has remained relatively stable. Compared to 1997, inflation has fallen by 0.4 percentage points.
- Change vs. previous year
- -0.4 percentage points
- Largest monthly swing
- February: -1.0 percentage points
ECB Target
Inflation is 1.1 percentage points below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for €100 this year will cost approximately €100.90 next year at this inflation rate.
Multi-year trend
Monthly figures 1998
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1997 |
|---|---|---|
| January | 1.2% | -0.9 |
| February | 1.0% | -1.0 |
| March | 1.0% | -0.6 |
| April | 1.2% | -0.5 |
| May | 1.0% | -0.9 |
| June | 0.9% | -0.5 |
| July | 0.9% | +0.4 |
| August | 0.9% | +1.0 |
| September | 0.9% | +0.2 |
| October | 0.7% | -0.6 |
| November | 0.8% | -0.4 |
| December | 0.7% | -0.7 |
| Average | 0.9% |
Data source
Data from OECD. Last updated: 13/01/2026.