The annual inflation rate in Austria rose 3.7% in May 2026 from 3.4% in the previous month, matching preliminary estimates. This marked the highest reading since November 2025, driven by faster price growth in transportation (8.8% vs. 7.7% in April) and miscellaneous goods and services (4.8% vs. 3.9%). Meanwhile, inflation remained steady in housing and utilities (3.3%), recreation and culture (1.0%), education (5.4%), and insurance and financial services (4.2%). Additionally, deflation eased in information and communication (-1.0% vs. -2.3%). On the other hand, price growth moderated in food and non-alcoholic beverages (2.2% vs. 2.4%), alcoholic beverages and tobacco (2.0% vs. 3.5%), health (4.4% vs. 4.5%), and restaurants and hotels (4.7% vs. 4.9%). On a monthly basis, consumer prices increased 0.1% in May, slowing from a 0.4% rise in the previous month. The harmonised inflation rate (HICP) also accelerated to 3.7% year-on-year from 3.4% in April.