FX.co ★ Austria’s HICP Rebounds in August, Snapping Deflationary Trend

Austria’s Harmonised Index of Consumer Prices (HICP) moved back into positive territory in August 2026, signaling a turnaround from the mild deflation recorded in the previous month. Month-over-month, the HICP rose by 0.5% in August, compared with a 0.4% decline in July 2026.

The latest data, updated on 1 September 2026, show that the negative price dynamics observed in July did not persist, as consumer prices gained momentum heading into late summer. On a month-over-month comparison basis, August’s reading reflects a clear shift from price contraction to price growth, suggesting a stabilization in inflation conditions after a temporary dip.