High inflation over the past two years has prompted the government to take some measures that should have a positive impact on taxpayers’ pockets. Krone+ shows how much extra you have left every month after New Year’s Eve.
Inflation in Austria has risen to 11.2 percent this year. This made us one of the negative leaders in Western Europe. It is clear that such price increases in all areas cannot be offset by annual salary increases. To ensure that the purchasing power of Austrians does not completely collapse, the government has taken a number of measures to counter this. The following positive effects will be noticeable from January 1, 2024.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
