FX.co ★ Austria’s HICP Swings Back to Inflation in February, Rebounding to 0.8% MoM

Austria’s Harmonised Index of Consumer Prices (HICP) moved back into positive territory in February 2026, posting a month-over-month increase of 0.8%, according to data updated on 18 March 2026. This marks a sharp reversal from the previous reading of -0.8% in February 2026, when prices had fallen compared with the prior month.

The latest figure indicates a clear month-on-month turnaround in price dynamics. While the previous indicator captured a 0.8% decline in prices versus the month before, the current 0.8% reading shows that prices have now risen by the same magnitude over the latest monthly comparison period.

The data underscore a notable shift in short-term inflation momentum in Austria, as measured on a harmonised basis used across the European Union, highlighting increased price pressures after a phase of temporary monthly deflation.