Austria: Inflation decreased to 1.5% in April 2020

Cristian Hatis 1 Min Read

In April 2020, the inflation rate was 1.5%, as Statistics Austria reports (March 2020: 1.6%). Lower prices for fuels were mainly responsible for the decrease of the April inflation rate.

Price increases for housing, water and energy (+2.3% compared to April 2019) remained the most important price driver, followed by those for food (+2.6%).

The index level of the consumer price index 2015 (CPI 2015) was 108.1 in April 2020. Compared to the previous month, the average price level remained unchanged with ±0.0%.

The index level of the harmonised index of consumer prices (HICP 2015) was 108.75 in April 2020, with the harmonised inflation rate amounting to 1.5%.

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