In 2022, inflation rate (GDP deflator) for Austria was 5.3 %. Before inflation rate (GDP deflator) of Austria started to increase to reach a level of 5.3 % in 2022, it went through a trough reaching a low of 0.3 % in 1999.
The description is composed by our digital data assistant.Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.