Austria’s Harmonised Index of Consumer Prices (HICP) slipped into negative territory in July 2026 on a month-over-month basis, underscoring a cooling in short-term price dynamics. The indicator came in at -0.4% compared with 0.0% in the previous month, according to data updated on 19 August 2026.
The reading reflects a shift from a flat monthly price profile to an outright decline, as July’s figure measures the change in prices relative to June, while the prior 0.0% value had captured the movement from May to June. The latest result suggests that, at the margin, consumer prices in Austria were lower in July than in the preceding month, highlighting a softening inflation pulse in the near term.
