FX.co ★ Austria’s Harmonised Inflation Ticks Up to 3.7% in May, Halting Recent Disinflation Trend

Austria’s inflation, measured by the Harmonised Index of Consumer Prices (HICP), accelerated to 3.7% year-on-year in May 2026, up from 3.4% in April 2026. The latest reading, updated on 2 June 2026, signals a modest reacceleration after a previous easing phase.

The HICP figure compares price changes in May 2026 with those in May 2025, while April’s 3.4% reflected the change versus April 2025. The uptick suggests that, on a year-over-year basis, price pressures in Austria have strengthened slightly, interrupting the pattern of gradual disinflation seen in earlier months.

While no detailed breakdown by component is provided, the move from 3.4% to 3.7% indicates that inflationary forces remain present in the Austrian economy and may stay on the radar of policymakers and market participants monitoring the euro area’s overall price dynamics.