Austrian inflation slows to six percent in September

Aaron Burnett
Aaron Burnett - [email protected]
Austrian inflation slows to six percent in September
Inflation has slowed in Austria, but grocery prices continue to rise at a higher rate than general inflation. Photo by leonie wise on Unsplash

Inflation dropped in September compared with the 7.5 percent seen in August and May’s nine percent, but experts say it could still go up again.


Austrian cost of living increases are finally slowing down – at least in their pace. But the relief could be short-lived depending on how the current conflict in the Middle East goes.

Statistics Austria released September inflation numbers showing how slowing energy and fuel costs – once largely responsible for big inflation increases – had actually stagnated in September, helping to dampen overall increases in cost of living.

“Inflation is at its lowest level now since February 2022, when the war in Ukraine began,” says Statistics Austria head Tobias Thomas. “We are now seeing significant price declines for electricity and lower inflation rates for gas and district heating.”

However, the overall world price of oil has risen from around $75 USD a barrel to around $90 since October 7th's terrorist attacks by Hamas against Israeli civilians and the subsequent war in the region, which Statistics Austria says could see inflation rise again overall in the next few months.


In addition, although the overall inflation rate might be slowing, the price increases in some goods remain stubbornly high. These include hotels and hospitality, which went up over eleven percent in September, while grocery prices rose 8.4 percent.

The price of clothing in Austria is now 16 percent higher than it was a year ago.

Grocery shopping in Austria: How much could you save by switching chains?


Join the conversation in our comments section below. Share your own views and experience and if you have a question or suggestion for our journalists then email us at [email protected].
Please keep comments civil, constructive and on topic – and make sure to read our terms of use before getting involved.

Please log in to leave a comment.

See Also