Press release: 12.373-213/20
– In October 2020, the inflation rate
was 1.3%, as Statistics Austria reports (September 2020 revised: 1.4%).
Housing, water and energy (+2.2% compared to October 2019) remained the
most important price driver, followed by expenditures for restaurants
and hotels (+3.3%). The index level of the consumer price index 2015
(CPI 2015) was 108.6 in October 2020 (September 2020 revised: 108.5). Compared
to the previous month, the average price level increased by 0.1%.
The measures to contain COVID-19 in October were the
same as in September. They had a very small impact on the calculation
of the inflation rate. Imputation methods like seasonal imputation were
used for a few items in the tourism sector, while hardly any services
in the entertainment sector required all-items imputation anymore. In
total, this affected about 3.3% 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 on the compilation of the CPI in the context
The index level of the harmonised
index of consumer prices (HICP 2015)
was 108.94 in October 2020 (September 2020 revised 108.67), with the harmonised
inflation rate at 1.1% (September 2020 revised 1.2%).
For more detailed information please refer to the German
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Last Changed 18.11.2020