OeNB: inflation for 2018 at 2.2%

Vienna (APA) – According to current forecasts of the Oesterreichische Nationalbank (OeNB), the inflation rate is expected to reach 2.2% this year. From 2019, the OeNB expects a slight slowdown to 2% then to 1.9% in 2020. On the other hand, the basic inflation rate should increase by two percentage points compared to 2018. The Harmonized Consumer Price Index (HICP) of Austria, calculated for European comparisons, stood at 2.2% last year. According to OeNB forecasts, this will remain at 2.2% this year. In 2019 and 2020, the OeNB expects a slight decline to two or 1.9%. On the other hand, the basic inflation rate (excluding energy and food) is due to the good economic situation, the expected growth in unit labor costs and to inflation rates. for manufactured goods and services. Services in the next two years from the current 2 to 2.2 percent, said the OeNB.