A slight decline in inflation: Austria with 3.0 percent in May!
A slight decline in inflation: Austria with 3.0 percent in May!
The inflation rate in Austria dropped to 3.0 percent in May 2025, after 3.1 percent in April. This development was confirmed by an current quick estimate of statistics Austria, which recorded an average decline in consumer prices by 0.1 percent compared to the previous month. The main drivers of inflation are still the prices for apartment, water and energy.
In detail, it can be seen that electricity prices have increased by a strong 36.2 percent in the year. In the meantime, heating oil prices fell by 13.1 percent, gas prices by 9 percent and prices for solid fuels by 7.8 percent. The fuel prices have also dropped by 9.1 percent. In the area of rental prices, which also include new rentals, however, one observes an increase of 4.1 percent, while the catering prices have grown by 5.8 percent and accommodation services by 3.9 percent.price development at a glance
food and non -alcoholic drinks have also experienced an increase in 3.5 percent in the year. Over the past year, the inflation rate was reduced to the current 3.0 percent in 2023. The development of inflation has shown a detailed consideration since January 2023:
| month
| |
|---|---|
| January 2023 | 11.2% |
| February 2023 | 10.9% |
| March 2023 | 9.2% |
| April 2023 | 9.7% |
| May 2023 | 9.0% |
| June 2023 | 8.0% |
| July 2023 | 7.0% |
| August 2023 | 7.4% |
| September 2023 | 6.0% |
| October 2023 | 5.4% |
| November 2023 | 5.3% |
| December 2023 | 5.6% |
| January 2024 | 4.5% |
| February 2024 | 4.3% |
| March 2024 | 4.1% |
| April 2024 | 3.5% |
| May 2024 | 3.4% |
| June 2024 | 3.0% |
| July 2024 | 2.9% |
| August 2024 | 2.3% |
| September 2024 | 1.8% |
| October 2024 | 1.8% |
| November 2024 | 1.9% |
| December 2024 | 2.0% |
| January 2025 | 3.2% |
| February 2025 | 3.2% |
| March 2025 | 2.9% |
| April 2025 | 3.1% |
| May 2025 | 3.0% |
measurement and calculation of the inflation rate
The inflation rate in Austria is measured by the consumer price indices (VPI and HVPI), which represent the price changes of goods and services over time. These indices offer an important basis for value security and wage negotiations by showing the loss of money for end consumers. The monthly publication of this data takes place through statistics Austria and includes a representative selection of goods and services of an average budget in Austria, based on the hierarchically structured product nomenclature COICOP (Classification of Individual Consumpto by Purpose). This structured approach makes the data comparable and relevant for the analysis of inflation development.
The current inflation situation in Austria illustrates the continuing challenges through price increases in certain areas, while other price dynamics stabilize or even show declines. For more information, see Vienna, [Statistics Austria] (https://www.statistik.at/statistiken/volkswirtschaft-und-oeffent-finance/preise-und-preiserpreiserpreis index-vpi/hvpi) and [wko] (https://www.wko.at/sumen-daten-fakten/verwerchenpreis index).
| Details | |
|---|---|
| Ort | Vienna, Österreich |
| Quellen | |
Kommentare (0)