Inflation in Austria: April brings a new price increase of 3.1%!

Inflation in Austria: April brings a new price increase of 3.1%!

Österreich - In April 2025, the inflation rate in Austria rose to 3.1 percent, as 5min.at. This represents an increase of 0.2 percent compared to the previous month of March, in which inflation was 2.9 percent. The price increase is mainly influenced by the increased prices for package tours, which reached its peak during the Easter holidays and school holidays in April.

A closer look at the price development shows that the prices in the service sector rose by 4.8 percent compared to the previous year. Services thus prove to be the strongest driver of inflation. The cost of food, tobacco and alcohol also rose by 3.2 percent. In contrast, the increase in energy prices is only 0.7 percent, which remains below the level of the general inflation rate. Fanti fuel prices have contributed to alleviating the effects of the increased electricity prices.

harmonization of the price indices

statistik.at . The differences between the consumer price index (VPI) and the HVPI result from different weightings, with the HVPI also taking out expenditure of tourists. The index of the consumer price index and further results for April 2025 will be published on May 19, 2025.

The quick estimate of the consumer price index is based on existing price data and usually covers 80 to 90 percent of the prices raised. To better understand the price developments, the consumer price indices (VPI and HVPI) are used, which measure the price changes of goods and services over time in Austria. The VPI is published monthly by statistics Austria and is crucial for value security and wage negotiations, while the HVPI is important for inflation measurement and assessment of monetary value stability in the European Monetary Union, as the [Https://www.wko.at/ Number of Dats-fakten/ consumer price index) explains.

long -term trends of inflation

A look at the long -term development of inflation shows that the rate in 2024 was significantly reduced at 2.9 percent, while in 2023 it was still 7.8 percent, which was four times higher than the target value of the European Central Bank. Earlier months reveal significant fluctuations, with a maximum value in January 2023 of 11.2 percent and a decrease to 2.0 percent in December 2024.