Now Live: Statistik Austria Publishes Figures for Inflation 2024

It is expected that the figures will be significantly lower than in 2023, when the annual inflation rate was 7.8 percent. The Austrian Institute of Economic Research (Wifo) has recently estimated the annual inflation rate at 3.0 percent, while the Institute for Advanced Studies (IHS) gave a forecast of 2.9 percent compared to the previous year just before Christmas.

Inflation 2024 Significantly Decreased

During the course of 2024, inflation in Austria has significantly reduced: In December 2024, it was only at 2.0 percent, after inflation was still at 4.5 percent in January. Recently, falling energy prices have had a dampening effect on prices, while services were among the main price drivers.

(APA/Red)

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