Inflation Austria 2024
Average inflation: 2.9%
Current Inflation
Inflation is normal at 2.9%, around the ECB target.
Peak and Trough
The highest inflation was in January at 4.6%. The lowest inflation was in September at 1.8%.
- Highest month
- January: 4.6%
- Lowest month
- September: 1.8%
- Difference
- 2.8 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Restaurants and hotels with an average of 7.0%. The lowest price increase was in Communication with an average of -4.9%.
- Highest increase
- Restaurants and hotels: 7.0%
- Lowest increase
- Communication: -4.9%
Historical Context
Current inflation is 1.8% lower than the 5-year average of 4.7%.
- 5-year average
- 4.7%
- 10-year average
- 3.1%
- All-time high (2022)
- 8.5%
- All-time low (2009)
- 0.5%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +5.0 percentage point.
- Change vs. previous year
- -5.0 percentage points
- Largest monthly swing
- February: -6.8 percentage points
ECB Target
Inflation is 0.9% 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 €102.90 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 4.6% | -6.6 |
| February | 4.1% | -6.8 |
| March | 4.1% | -5.1 |
| April | 3.4% | -6.2 |
| May | 3.3% | -5.6 |
| June | 3.0% | -5.0 |
| July | 2.9% | -4.1 |
| August | 2.3% | -5.1 |
| September | 1.8% | -4.2 |
| October | 1.8% | -3.6 |
| November | 1.9% | -3.4 |
| December | 2.0% | -3.6 |
| Average | 2.9% |
Data source
Data from OECD. Last updated: 13/01/2026.