VIENNA, 4th May, 2025 (WAM) – Austria’s inflation rate rose slightly in April to 3.1% year-on-year, up from 2.9% in March, according to a flash estimate published by Statistics Austria. The increase was driven primarily by higher prices for package holidays and services, which remain the main contributors to inflation.
Services “continued to be the strongest driver of inflation with an increase of 4.8 percent,” the agency said. They are “dominating inflation even more than before,” Statistik Austria said.
Prices for food, alcohol and tobacco rose by 3.2%—slightly above the overall rate—while prices for industrial goods increased by 0.9%. Energy prices saw a more moderate rise of 0.7%. Statistics Austria Director General Tobias Thomas said that “significantly lower fuel prices largely compensated for the effects of higher electricity prices.”
The Harmonised Index of Consumer Prices (HICP), which allows comparison across the EU, rose by 3.3% year-on-year and by 0.3% compared to the previous month.