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2026.03.3107:21:53UTC+00Austria Inflation Rises to 3.1% in March

Austria’s annual inflation rate accelerated to 3.1% in March 2026, up from 2.2% in February, according to preliminary estimates. “This brings inflation back to the levels observed in the first half of 2025, after standing at 2.2% in February 2026. The 0.9 percentage point increase is almost entirely due to sharp price rises for fuel and heating oil. In February, energy prices were still down 4.1% year-on-year, but in March they rose by 6.1%. Nevertheless, services remained the main driver of inflation, becoming 4.5% more expensive in March after a 4.0% increase in February,” said Manuela Lenk, Director General of Statistics at Statistics Austria. Month-on-month, consumer prices rose by 1.1% in March, the steepest increase since September 2022, following a 0.8% gain in the previous month.

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