Inflation in Austria: May figures show the first relaxation!

Inflation in Austria: May figures show the first relaxation!

The inflation rate in Austria has dropped slightly in May 2025 and is now 3.0 percent. This represents a decline of 3.1 percent in April 2025, as reported vienna.at . The main drivers for the price increases are services and foods that were 3.3 percent more expensive. The price increase for services was particularly pronounced at 4.4 percent per year.

Another aspect that contributes to the inflation rate is the increase in energy prices, which, however, was 1.3 percent lower than expected. This was based on cheaper fuel prices that compensated for the increased electricity prices. Industrial goods recorded an increase of 0.8 percent. The core inflation that includes services and industrial goods is 3.1 percent in May.

inflation development in European comparison

Inflation also shows interesting developments in a European context. According to a quick estimate of the statistics Austria, which is cited by Kleinezeitung.at , the inflation rate for May 2025 has dropped by 0.1 percent. This is contrary to other European countries, such as Spain and Italy, where the inflation rate has decreased to 1.9 percent. These values are below the target of 2.0 percent.

The services remain the strongest price driver in Austria, while the price development for energy is under general inflation. Despite the increased electricity prices, cheaper fuel prices ensured a certain stability in the energy -saving.

insight into the data situation

In order to comprehensively analyze the developments in consumer prices in the EU, the Eurostat database offers annual and monthly data for the harmonized consumer price index (HVPI). This information is crucial to understand price changes, such as rising rents or falling communication costs. The ECB pursues the task of striving for a medium-term price increase rate of two percent, as on the website of destatis.de

Overall, the recent decline in the inflation rate in Austria not only shows a positive development for consumers, but also reflects the different economic dynamics in Europe.