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10.10.2025
Inflation Forecast for 2025 and 2026
WIFO Research Brief Delivers Detailed Insights
A recent WIFO Research Brief by Josef Baumgartner presents the October 2025 inflation forecast for 2025 and 2026 in detail. WIFO expects an inflation rate of +3.5 percent for 2025 and +2.4 percent for 2026.
Compared to the June 2025 forecast, this represents an upward revision of +0.6 percentage points for 2025, which is mainly due to the (significantly) higher realisations for the months of June to August.
For 2026, the upward revision (+0.2 percentage points) is due to a carry-over effect from the higher rates of change in the second half of 2025 and from the already announced (federal government, City of Vienna) or still expected stronger price increases in the public sector (administered prices) by other public authorities.
Core inflation (consumer price index excluding food, alcohol, tobacco and energy) will be slightly lower (+3.3 percent) than headline inflation due to the comparatively low price increases for industrial goods in 2025.
Publications
WIFO Research Briefs
10.10.2025
Finalization: October 2025
Specialist publication: WIFO Research Briefs
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Macroeconomics and Public Finance
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