Austria in October with 4 Percent Inflation

Inflation in Austria remained consistently high in October. According to a quick estimate by Statistics Austria, the inflation rate was 4.0 percent, the same as in September. Compared to the previous month, the general price level rose by 0.4 percent. This means that prices in Austria continue to rise significantly more than in other countries in the Eurozone. The target value of the European Central Bank is around 2 percent.

Quick Estimate: October with 4 Percent Inflation

The strongest price driver in October was again the service sector, where prices increased by 4.6 percent year-on-year. Inflation in industrial goods slightly weakened - from 1.4 percent in September to 1.3 percent in October. Food, alcohol, and tobacco also became slightly more expensive than recently, namely by 3.9 percent, after 3.8 percent in September.

Energy prices rose particularly sharply, being 9.7 percent higher in October than a year ago. "Significant price increases were observed for electricity and gas compared to the previous year," explained Statistics Austria Director General Manuela Lenk. Thus, energy remains one of the main factors for the overall high inflation.

Core Inflation and HICP

The so-called core inflation, which excludes volatile energy and food prices, was 3.4 percent in October, after 3.5 percent in the previous month. This indicator shows that domestic price development - for example, in services and industrial goods - is only slowly losing momentum.

Compared to the previous year, the purchasing power of consumers remained under pressure. According to Statistics Austria, the harmonized consumer price index (HICP), which is comparable across the EU, also shows an increase of 4.0 percent compared to October 2024. Month-on-month, the HICP increased by 0.5 percent.

Statistics Austria will publish detailed results on the consumer price index (CPI) for October on November 19, 2025.

(APA/Red)

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