Press release: 12.712-010/22
– In December 2021, the inflation rate
was 4.3%, as Statistics Austria reports (November 2021: 4.3% as well).
Expenditures for transport (+12.0% compared to December 2020, including
fuels +32.9%) proved to be the most important price driver, followed
by expenditures for housing, water and energy (+5.4%, including heating
oil +44.3%, electricity +12.4%).
The consumer price index
(CPI 2020) was at 105.4, while the average price level increased
by 0.6% compared to November 2021.
The measures to contain COVID-19 and the lockdown
in December had a significant impact on the calculation
of the December inflation rate (last day of the lockdown: mostly 11.12.;
the lockdown period turned out to be different in the nine federal states
of Austria.). Only those goods and services entered the calculation
as missing prices, which were not available in more than half of the
month of December. Overall, most of the measures affected the sectors
gastronomy and hotels and to a lesser extent the sectors personal services
like hairdressers, culture, tourism, entertainment, leisure, sport and
the retail sector. The price surveys for the consumer price index were
changed from in-store collection to internet price collection (in particular
the retail sector, except supermarkets and drugstores: in-store collection).
Where necessary, imputation methods like seasonal imputation, all items
imputation or carry-forward were applied. In total, this affected about
9.2% of the weight of the basket of goods and services. For further
in-depth explanation of the general principles and applied computation
methods, please refer to the methodological
information note (PDF, 1 MB) on the compilation of the CPI
in the context of COVID-19.
The index level of the harmonised
index of consumer prices (HICP 2015)
was 113.95 in December 2021 (November 2021: 113.63 revised) with a harmonised
inflation rate at 3.8%.
For more detailed information please refer to the German
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Last Changed 20.01.2022