Inflation Austria 2008
Average inflation: 3.2%
Current Inflation
Inflation is high at 3.2%, well above the ECB target.
Peak and Trough
The highest inflation was in June at 3.9%. The lowest inflation was in December at 1.3%.
- Highest month
- June: 3.9%
- Lowest month
- December: 1.3%
- Difference
- 2.6 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 6.3%. The lowest price increase was in Communication with an average of -4.2%.
- Highest increase
- Food and non-alcoholic beverages: 6.3%
- Lowest increase
- Communication: -4.2%
Historical Context
Current inflation is 1.0% higher than the 5-year average of 2.2%.
- 5-year average
- 2.2%
- 10-year average
- 2%
- All-time high (1992)
- 4%
- All-time low (1999)
- 0.6%
Trend
Inflation shows an upward trend. Compared to 2007, inflation has risen by +1.0 percentage point.
- Change vs. previous year
- +1.0 percentage points
- Largest monthly swing
- December: -2.3 percentage points
ECB Target
Inflation is 1.2% 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 €103.20 next year at this inflation rate.
Multi-year trend
Monthly figures 2008
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2007 |
|---|---|---|
| January | 3.2% | +1.6 |
| February | 3.2% | +1.6 |
| March | 3.5% | +1.7 |
| April | 3.3% | +1.5 |
| May | 3.7% | +1.7 |
| June | 3.9% | +1.9 |
| July | 3.8% | +1.7 |
| August | 3.7% | +2.0 |
| September | 3.8% | +1.7 |
| October | 3.1% | +0.3 |
| November | 2.3% | -0.8 |
| December | 1.3% | -2.3 |
| Average | 3.2% |
Data source
Data from OECD. Last updated: 13/01/2026.