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Austria’s Inflation Surge Continues
11 Articles
11 Articles
In August, inflation once again increased sharply and now stands at 4.1 percent. This has some homemade reasons and affects the population as well as the economic location.
An inflation rate of 4.1 percent hits the government on its exam like the next Job's message. The reasons for the inflation remain structurally the same, energy and services are drivers. Now hard wage negotiations are imminent. The "Krone" explains why the inflation is trapped in a vortex.
At 4.1 percent, the inflation in August was more than twice the target of two percent. It is now again at a level that it last had in March 2024. Why is there this increase? How will it go on? And what can be done about it?
Inflation rose to 4.1 percent in August, according to a quick estimate by Statistik Austria. This is the highest rate since March 2024. And the "inflation hits all product groups", said Alexandra Schindlar of Statistik Austria compared to Vienna today.
Austria’s inflation surge continues
Austria’s inflation surge continued, with the year-on-year rate standing at 4.1 percent in August, a flash estimate reported on Tuesday. “This is the highest level since March 2024. Almost all expenditure groups in the basket of goods contributed to this increase,” said Manuela Lenk, director general of statistics at Statistics Austria. In July, the country posted an inflation rate of 3.6 percent. During the period, service prices rose by 4.7 pe…
Austrian inflation accelerated in August, further moving away from the objectives of the European Central Bank, according to the latest figures from Statistik Austria, the equivalent of INSEE, which has just published an inflation rate based on the Harmonised Index of Consumer Prices (HIPC) of 4.1% in August, up significantly from the previous month [...]
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