FX.co ★ Austria’s HICP Inflation Nearly Stalls in May, Easing to 0.1% MoM

Austria’s Harmonised Index of Consumer Prices (HICP) showed a marked slowdown in May 2026, with month-on-month inflation easing to 0.1%, down from 0.5% in April 2026. The fresh data, updated on 2 June 2026, indicates that price pressures have weakened noticeably on a short-term basis.

On a month-over-month comparison, May’s reading reflects a much softer pace of price growth than in the previous period, when April’s 0.5% increase compared with March signalled more robust momentum. The latest figure suggests that consumer price inflation in Austria is losing steam, potentially offering some relief to households and providing policymakers with evidence of cooling short-term inflation dynamics within the euro area framework.