Inflation Austria 2003
Average inflation: 1.3%
Current Inflation
Inflation is low at 1.3%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in March at 1.8%. The lowest inflation was in October at 1.0%.
- Highest month
- March: 1.8%
- Lowest month
- October: 1.0%
- Difference
- 0.8 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Education with an average of 3.4%. The lowest price increase was in Communication with an average of -1.8%.
- Highest increase
- Education: 3.4%
- Lowest increase
- Communication: -1.8%
Historical Context
Current inflation is around the 5-year average of 1.7%.
- 5-year average
- 1.7%
- 10-year average
- 1.8%
- All-time high (1984)
- 5.6%
- All-time low (1999)
- 0.6%
Trend
Inflation shows a downward trend. Compared to 2002, inflation has fallen by +0.5 percentage point.
- Change vs. previous year
- -0.5 percentage points
- Largest monthly swing
- May: -0.8 percentage points
ECB Target
Inflation is 0.7% 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 €101.30 next year at this inflation rate.
Multi-year trend
Monthly figures 2003
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2002 |
|---|---|---|
| January | 1.7% | -0.5 |
| February | 1.7% | -0.2 |
| March | 1.8% | -0.1 |
| April | 1.3% | -0.5 |
| May | 1.1% | -0.8 |
| June | 1.1% | -0.6 |
| July | 1.1% | -0.5 |
| August | 1.2% | -0.7 |
| September | 1.4% | -0.2 |
| October | 1.0% | -0.7 |
| November | 1.3% | -0.4 |
| December | 1.2% | -0.6 |
| Average | 1.3% |
Data source
Data from OECD. Last updated: 10/01/2026.