FX.co ★ Austria’s Inflation Cools as HICP Slips to 2.6% in July

Austria’s Harmonised Index of Consumer Prices (HICP) eased further in July 2026, with the year-over-year rate slowing to 2.6%, down from 3.2% in June 2026. The latest reading, updated on 31 July 2026, indicates a continued moderation in inflationary pressures in the country.

On a year-over-year basis, the July figure compares the price level in July 2026 with that of July 2025, while the previous reading reflected the change in June 2026 versus June 2025. The step down from 3.2% to 2.6% suggests that price growth is decelerating compared with the same periods a year earlier, potentially easing pressure on consumers and policymakers alike.

The HICP is a key benchmark used across the European Union for comparing inflation developments between member states. Austria’s latest data will be closely watched by financial markets and institutions assessing the trajectory of inflation and its implications for monetary and fiscal planning.