Estimate for February

Inflation fell to 4.3 percent in the previous month

According to an initial estimate by Statistics Austria, year-on-year inflation fell to 4.3% in February. This is the lowest figure since December 2021, but the price level rose by 0.7 percent compared to January.

Food prices in particular drove up inflation in February less than a year ago. Prices for household energy are now also having a dampening effect on inflation, after having risen sharply in February last year, Director General Tobias Thomas was quoted as saying in a Statistics Austria press release. Fuel prices, on the other hand, remained at the same level as the previous year, he said.

According to a preliminary flash estimate, the harmonized inflation rate (HICP) for Austria calculated for eurozone comparisons was 4.2 percent in February. Even according to this calculation, the price level rose by 0.7 percent compared to January.