Inflation in Austria: Prices rise to alarming 3.1%!

Inflation in Austria: Prices rise to alarming 3.1%!

Österreich - In April 2025, the inflation rate in Austria remains a topic of great explosiveness. According to the latest data, the rate rose to 3.1 percent after it was 2.9 percent in the previous month. This reports Kosmo . The main cause of this increase is the higher prices for package tours that are connected to the Easter holidays. The service sector also contributes strongly to inflation, it records an increase of 4.8 percent and thus remains the largest inflation driver.

Compared to March, a moderate price increase of 0.2 percent is shown. For food, alcoholic beverages and tobacco products, the inflation rate is 3.2 percent, which is above average. The energy sector, on the other hand, has only 0.7 percent, which is primarily due to declining fuel prices. This clarifies that while some sectors are badly affected, other noticeable relief.

consumer price index and its importance

The consumer price index (VPI) is a central instrument for measuring price changes in Austria. He records various shopping baskets that map all the expenses of an average household. The basis is the Coicop classification, which is divided into 12 main groups, 45 product groups and 106 classes. The VPI is published monthly by statistics Austria and is not only relevant for valuables and wage negotiations, but also crucial for the assessment of monetary value stability in the monetary union, such as wko explained.

Inflation in Austria is currently over the average of the euro zone, the value of which was 2.4 percent in March 2025. This means that Austria has the third highest inflation in the EU comparison, only exceeded by Belgium (3.9 percent) and Slovenia (3.4 percent). This development is alarming for the Austrian economy. WKO economic experts warn of possible negative effects on competitiveness, especially in the export -oriented sector.

Development of the inflation rate

A look back at inflation development shows that the rates have fluctuated in the past few months. In February and January 2025, they were 3.2 percent, while in 2024 the values were positively assessed in December with a downward trend and an inflation of 2.9 percent down to 2.0 percent. However, the current figures indicate that inflation increases again. The data of Statistics Austria show that the trend over the past few years, with a maximum value of 11.2 percent in January 2023. In view of these developments, it remains to be seen how inflation will develop in the coming months and what measures are taken on the part of politics and the economy in order to cushion negative consequences. The prices remain a central topic in the public debate that affects both households and companies.