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INFLATION ANALYSIS Date Submission: 3/ 9/ 2021

AUSTRIA

4%

3.5%

3%
2.57%
2.12%
2.5%

2%
1.47%
1.5%

1%

0.5%
2011 2012 2013 2014 2015

The inflation rate of Austria in year 2012 was 2.57% according to its new release
inflation data. And it is far from 2011 rating which rises at 3.54% which is a higher than its
current inflation rate. Moving to 2013, the inflation rate was 2.12% and its lower down to
0.45% from 2.57 and, In the 2014 inflation rate was 1.47% which is nearly down to 0.81 of 2015.

2012 Inflation rate is 2.57% Which from the year 2011 that has 3.54% up to 1.47%. So, in
this analysis of the inflation rate from 2012 to 2014 was more improved. Because they handle
the cost, the wages and the prices of goods. The reason of this inflation rate in 2012 was maybe
the trading economy that the Austria’s big loss of income and its exchange of their money to
other countries which made them unbalance of their economy and it affects the cycle of the
income of the country. But unfortunately, they improve their economy from 2.57% down to
1.47% maybe in exporting some goods and services. Also, maybe the local build more
businesses that really helps the economy of Austria.

2013 Inflation rate is 2.12%. The reason of one of the high inflation rates in Austria was
their export performance, and also the lack of foreign demand. Also, Austrian companies have
lost its international market. Austria was one of the few countries in which unemployment only
rise marginally. But, in 2013 to 2014 the unemployment rate rose quite great. As result Austria
lost its position of the country with the lowest unemployment rate in Europe. Unemployment is
low in local economy and also it affects the cycle of the Austrian income. Specially in shortage
of goods. Not good worth it investments due to its high prices of goods and services.

2014 Inflation rate is 1.47%. In this part there reason of the high inflation was due to its
previous problems that they are trying to bring back to its normal tally, they operate more
businesses jobs and opportunity to heal the development, that has a big changes to its inflation
because of the people and the economy are slowly getting higher and its contribution to the
economic growth and development was getting good, that in the year of 2014, they reach the
lowest percent from 2011 that is 3.54% down to its current inflation rate in 2014 was 1.47%, so
there is a big difference from that year.

Reference:

H. Plecher. (2020, Nov 26). Austria: Inflation rate from 1985 to 2025.
• Austria - Inflation rate 2025 | Statista.
Klaus Weyerstrass (2015, Jan 6) Austria’s economy weathered the crisis well, but now risks
falling behind.