Inflation Austria 2022
Average inflation: 8.5%
Current Inflation
Inflation is very high at 8.5%, far above the ECB target.
Peak and Trough
The highest inflation was in October at 11.0%. The lowest inflation was in January at 5.0%.
- Highest month
- October: 11.0%
- Lowest month
- January: 5.0%
- Difference
- 6.0 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Transport with an average of 16.2%. The lowest price increase was in Communication with an average of -0.6%.
- Highest increase
- Transport: 16.2%
- Lowest increase
- Communication: -0.6%
Historical Context
Current inflation is 5.3% higher than the 5-year average of 3.2%. This approaches the highest level since records began (8.5% in 2022).
- 5-year average
- 3.2%
- 10-year average
- 2.4%
- All-time high (2022)
- 8.5%
- All-time low (2009)
- 0.5%
Trend
Inflation shows an upward trend. Compared to 2021, inflation has risen by +5.7 percentage point.
- Change vs. previous year
- +5.7 percentage points
- Largest monthly swing
- September: +7.3 percentage points
ECB Target
Inflation is 6.5% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €108.50 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| January | 5.0% | +4.2 |
| February | 5.8% | +4.6 |
| March | 6.8% | +4.8 |
| April | 7.2% | +5.3 |
| May | 7.7% | +4.9 |
| June | 8.7% | +5.9 |
| July | 9.4% | +6.5 |
| August | 9.3% | +6.1 |
| September | 10.6% | +7.3 |
| October | 11.0% | +7.3 |
| November | 10.6% | +6.3 |
| December | 10.2% | +5.9 |
| Average | 8.5% |
Data source
Data from OECD. Last updated: 11/01/2026.