Towing in Austria: Prices rise despite the dampening fuel!

Towing in Austria: Prices rise despite the dampening fuel!

Österreich - In March 2025, Austria recorded an inflation rate of 2.9 percent compared to the same month, such as Vol.at . This number represents a decline compared to the first two months of the year, in which the inflation rate was 3.2 percent each. An important reason for this flattening is the decline in prices for fuels as well as the costs for flight tickets and package tours.

However, the increase in electricity prices remains a stubborn influence factor, especially after the electricity price brake has expired. In March, the catering prices even rose twice as strongly as the general inflation rate, while the price increases in the food sector were under the general trend.

price development and main causes

The prices for apartment, water and energy continued to increase by 5.2 percent in March, which corresponds to the same increase in February. Inflation in the field of household energy, which was slightly above the February value of 8.0 percent, is particularly striking. Electricity prices increased by 36.3 percent in March, which is significant compared to 35.7 percent in February.

The rental prices had an increase of 4.1 percent in March, while the new rental price brake came into force on April 1, 2025. In the catering and hotels, prices rose by 5.8 percent, and expenditure on goods and services overall increased by 4.3 percent. The cost of food and non -alcoholic drinks rose by 3.1 percent, with the increase in oils and fats even 7.1 percent and 17.7 percent with coffee. Leisure and cultural activities also experienced a price increase of 2.0 percent.

Inflation of inflation on consumers

The inflation rate of 2.9 percent exceeds the goal of the European Central Bank of 2.0 percent by 0.9 points. This has an impact on the purchasing power of consumers, such as finfo.at . Inflation leads to a decline in the purchasing power of money, which is a challenge for households. Against this background, consumers are encouraged to recognize the causes and effects of inflation in order to be able to make their financial decisions better.

The development of the inflation rate shows that there have been several ups and downs in the past ten years. The highlight was reached in 2022 at 8.6 percent due to rising energy prices and problems in the supply chains. Even if an inflation rate of 4.0 percent was observed in 2023, the rate in 2024 dropped to 3.0 percent and continued a trend of stabilization.

forecast for the future

The forecasts for inflation in Austria indicate further weakening for 2025, with values ​​of around 2.5 percent, according to the economic research institute (WIFO), and 2.1 percent in accordance with the European Commission. For 2026, the inflation rate is expected to get closer to the target value of the European Central Bank. Nevertheless, there are uncertainties that can result from global energy prices, geopolitical developments and internal economic measures.

In order to counter the increasing cost of living through inflationary tendencies, it is advisable to create a detailed budget budget, to achieve savings through the choice of more favorable providers and to create savings in inflation.