The inflation rate in Austria fell to 2% in January.
Vienna, February 4, 2017 – The inflation rate in Austria decreased to 2% last January, compared to 3.8% last December, returning to its normal level largely due to the decline in energy prices, which are no longer the primary driver of inflation, according to the latest data issued today by the Austrian Statistics Authority.
Director of the Authority, Manuela Lenk, attributed the decline in the inflation rate to the dampening effect of the prices of electricity, gas, heating oil and fuel, in addition to industrial goods.
She explained that the decrease in energy sector prices by 4.9% led to a reduction in the inflation rate by 1.2% compared to December 2025, and she said that January witnessed a slowdown in the pace of rising energy costs.
Andreas Babler, Deputy Prime Minister of Austria, welcomed the noticeable decline in the inflation rate, and said that the decrease in inflation to 2% confirms the correctness of the government’s path. He explained that the measures recently taken in key sectors, including energy, housing, and food, contributed to reducing it significantly.
Data from the Statistics Authority showed that the prices of industrial goods increased slightly by only 0.8%, compared on an annual basis to January 2025, with the continued impact of service sector prices, which rose in January by 3.8%, in driving inflation, but with a decrease in their impact on inflation compared to previous months, in which inflation rates in the service sector exceeded the 4% barrier, and its impact on general inflation was much higher than it is currently.
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