Austria's inflation rate increases: energy prices drive up costs!

Austria's inflation rate increases: energy prices drive up costs!

Inflation in Austria reached an increase to 3.3 percent in February 2025, after 3.2 percent in January, statistics' quick estimate. A significant factor for this increase is significantly higher energy prices. The location tensioned by many citizens is reinforced, among other things, by exposing the electricity price brake as well as rising network fees and the CO2 tax. As a result, the prices for energy rose by 3.4 percent within a year, which has a significant influence on the cost of living, such as vienna.at

price trends at a glance

In addition, services that have become 4.5 percent more expensive have contributed significantly to inflation. In contrast, the price increases for food, tobacco and alcohol with 2.8 percent also remained below the level of inflation. The prices for industrial goods only increased by 1.3 percent, which dampened the overall average of inflation. The harmonized consumer price index (HVPI) showed an annual inflation of 3.5 percent in February and a monthly increase of 0.6 percent compared to the previous month, the authority announced on Monday, so krone.at . In summary, the current inflation situation in Austria is characterized by a complex structure of increasing energy prices and moderate increases in other goods, which further increases the pressure on consumers. In view of these developments, monetary policy will probably have to adapt soon to take the challenges into account.