FX.co ★ Austria Inflation Rate Confirmed at 3.7%

Austria’s annual inflation rate rose to 3.7% in May 2026 from 3.4% in April, in line with preliminary estimates. This was the highest rate since November 2025 and was mainly driven by stronger price increases in transportation (8.8% vs. 7.7% in April) and in miscellaneous goods and services (4.8% vs. 3.9%).

Inflation remained unchanged in several categories, including housing and utilities (3.3%), recreation and culture (1.0%), education (5.4%), and insurance and financial services (4.2%). At the same time, deflation in information and communication eased, with prices falling 1.0% compared with a 2.3% decline in April.

By contrast, price growth slowed in food and non-alcoholic beverages (2.2% vs. 2.4%), alcoholic beverages and tobacco (2.0% vs. 3.5%), health (4.4% vs. 4.5%), and restaurants and hotels (4.7% vs. 4.9%).

On a monthly basis, consumer prices rose 0.1% in May, down from a 0.4% increase in the previous month. The harmonised index of consumer prices (HICP) inflation rate also picked up, reaching 3.7% year-on-year in May compared with 3.4% in April.