Inflation in Austria: Highest value for a year with 3.3 %!

Inflation in Austria: Highest value for a year with 3.3 %!

Österreich - On July 1, 2025, a new quick estimate for the inflation rate in Austria was published. According to [5min.at] (https://www.5min.at/5202507011321/hoechster-wert-seit-ein-jahr-stlation-im-juni-on-33- percent), the inflation rate rose to 3.3 percent in June. This has been the highest value since May 2024 after the inflation rate was still 3.0 percent in May 2025.

The latest estimate also shows an increase in price level by 0.5 percent compared to the previous month. The main driver of this inflation is the energy costs, in particular the fuel prices that contribute significantly to the increased living costs.

price development in important areas

The increase in food, alcohol and tobacco, which has increased by 4.4 percent compared to the previous month, is particularly striking. With an inflation of 4.3 percent, services had the greatest influence on inflation. Industrial goods also increased by 0.9 percent.

Core inflation that includes services and industrial goods was 3.1 percent in June 2025. These values ​​were compiled in the quick estimate of [Statistics Austria] (https://www.statistik.at/statistiken/volkswirtschaft-wirtschafts-finanzen/peise-und-preis-preispreis index-vpi/hvpi) and offer a comprehensive overview of the current economic situation.

historical inflation rates

Inflation has been fluctuating in the past few months. Since January 2025, the inflation rate has always been over 3 percent, whereby the values ​​were as follows:

These developments in the inflation rate are in the context of a general deflation tendency that ended in 2024 with an average inflation rate of 2.9 percent. Even more worrying is the accounted inflation from 2023, which was four times higher at 7.8 percent than the target value of the European Central Bank.

Consumer price index (VPI) and its meaning

The consumer price index (VPI) measures the price changes of goods and services in Austria. According to the [WKO] (https://www.wko.at/sumen-daten-fakten/ consumer price index), the VPI is published per month and offers important information about the price levels at consumer level and the loss of monetary value for end consumers. This data is crucial for value backups and wage negotiations.

On July 17, 2025, the final data for the consumer price index will be published, which may bring further knowledge about price development in Austria in 2025.