Austria: energy inflation rate by commodity 2024

Liquid fuel price inflation in Austria has risen considerably since 2021, with the inflation rate peaking at 118.5 percent in March 2022. By comparison, gas inflation rate peaked at 117 percent in October 2022. These increases in inflation of various energy commodities were partly driven by Russia's invasion of Ukraine, which has caused uncertainty over Europe's security of gas supply, as well as intense energy price volatility. However, since the beginning of 2023, energy commodity prices have shown a decrease in the country.

Harmonized index of consumer prices (HICP) energy inflation rate in Austria from January 2019 to November 2024, by commodity

Characteristic	Energy	Gas	Liquid fuels	Electricity
Nov '24	-10.4%	-27.4%	-14.5%	-4.1%
Oct '24	-12.3%	-27.4%	-17.9%	-4.8%
Sep '24	-10.5%	-25.1%	-17.3%	8%
Aug '24	-7%	-23.9%	-8.6%	6.5%
Jul '24	-1.7%	-23.6%	7.2%	9.7%
Jun '24	-2.4%	-15.8%	6.7%	5.9%
May '24	-1.8%	-16.4%	8.5%	4.9%
Apr '24	-1.7%	-13.8%	4.8%	5.4%
Mar '24	-0.9%	1.5%	1.5%	4.1%
Feb '24	-3.8%	1.4%	-1.7%	-2.6%
Jan '24	-4.3%	12.5%	-10.2%	-3.7%
Dec '23	3%	26%	-11.6%	12.3%
Nov '23	-5.3%	23.2%	-19.3%	-11%
Oct '23	-5.7%	23.2%	-20.9%	-13.5%
Sep '23	-4.4%	34.1%	-17.3%	-26.4%
Aug '23	5.9%	73.5%	-20.1%	-8.9%
Jul '23	-1.4%	77.2%	-30%	-7.6%
Jun '23	4.6%	75.8%	-28.8%	5.8%
May '23	11%	77.9%	-22%	7.1%
Apr '23	12.6%	70.9%	-15.3%	0.5%
Mar '23	11.6%	60.1%	-19%	-0.8%
Feb '23	28.3%	62.9%	29.3%	2.1%
Jan '23	38.4%	97.6%	49.7%	12.2%
Dec'22	29.8%	90.8%	60.6%	-7.5%
Nov'22	45.1%	107.5%	76.8%	19.6%
Oct'22	52.6%	116.9%	94.4%	24.6%
Sep'22	56.7%	112.8%	105.3%	36.7%
Aug '22	40.2%	71.1%	106.6%	12%
Jul '22	47%	71.5%	108.4%	10.2%
Jun '22	42.7%	71.1%	109.5%	0.1%
May '22	36.3%	72.3%	97.8%	-0.1%
Apr '22	37.6%	76.7%	100.4%	6.3%
Mar '22	38.4%	64.4%	118.5%	10.6%
Feb '22	26.9%	64.3%	48.9%	14.9%
Jan '22	21.3%	37.2%	45.8%	6.2%
Dec '21	22.3%	27.8%	44.4%	12.4%
Nov '21	23.8%	20.4%	64.4%	10.2%
Oct '21	20.6%	15.7%	60.9%	9.8%
Sep '21	14.7%	11.7%	34%	7.4%
Aug '21	13.5%	7%	30%	7%
Jul '21	12.1%	4.5%	28.2%	5.3%
Jun '21	11.1%	2.4%	22.5%	5.2%
May '21	10.6%	1.4%	19.6%	5.2%
Apr '21	6.8%	0.7%	10.7%	5.1%
Mar '21	4.1%	1.8%	3.5%	5.5%
Feb '21	-1.6%	1%	-8.8%	5.6%
Jan '21	-5.3%	0.2%	-21.9%	5.2%
Dec '20	-7.1%	-2.4%	-25.7%	5%
Nov '20	-8.6%	-2.4%	-31%	5%
Oct '20	-8.6%	-2.4%	-32.7%	5%
Sep '20	-7.7%	-2.4%	-28.2%	5%
Aug '20	-7.1%	-1.5%	-26.3%	5.3%
Jul '20	-7.5%	-1.2%	-25.5%	5.5%
Jun '20	-8.7%	-1.2%	-24.3%	5.5%
May '20	-10%	-0.9%	-28.8%	7%
Apr '20	-6.5%	-0.9%	-23.6%	7%
Mar '20	-3.2%	-0.9%	-17%	6.4%
Feb '20	1.3%	-0.9%	-7.6%	6.4%
Jan '20	3.1%	-0.9%	2.7%	6.4%
Dec '19	-0.4%	-1.3%	-0.9%	1.6%
Nov '19	-3.8%	-1%	-13.4%	1.6%
Oct '19	-3.6%	-1%	-11.7%	1.6%
Sep '19	-1%	1.5%	-5.3%	5.4%
Aug '19	0%	1.5%	-3.9%	5.4%
Jul '19	0.6%	1.3%	-1.9%	5%
Jun '19	0.5%	1.5%	-3.8%	5.4%
May '19	2.7%	1.2%	2.7%	3.9%
Apr '19	4.2%	1.2%	7.8%	3.9%
Mar '19	4.5%	1.2%	10.2%	3.9%
Feb '19	2.9%	1.2%	8.4%	4%
Jan '19	2.3%	1.2%	2.2%	3.9%

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Release date

December 2024

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Region

Austria

Survey time period

January 2019 to November 2024

Supplementary notes

According to the source, the Harmonized Indices of Consumer Prices (HICP) measure changes in the prices of consumer goods and services over time. These indices provide comparable measures of inflation.

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Energy price inflation rate in Austria 2019-2024, by commodity