Austria: Inflation accelerates in February from the prior month
Latest reading: Harmonized consumer prices rose 2.3% on a year-on-year basis in February, following a 2.1% increase in the prior month.
Relative to the previous month’s data, in February there were higher price pressures for transportation (+1.8% in annual terms vs +0.7% in January), housing and utilities (+1.2% vs +0.7% in January) and restaurants and hotels (+4.5% vs +4.3% in January). In contrast, there were reduced price pressures for food and non-alcoholic beverages (+2.2% vs +2.3% in January) and recreation (+3.1% vs +3.3% in January).
Meanwhile, consumer prices were up 2.3% in annual terms in February, following a 2.0% rise in the previous month.
Lastly, harmonized consumer prices rose 0.78% in February in month-on-month terms, following a 0.81% fall in the previous month.