Our inflation fell slightly last year to 7.8 percent. But that was still more than two percentage points higher than the average of EU countries, meaning every Austrian paid hundreds of euros more than elsewhere. Why this is also because the state is doing too well for us and what economic researchers dream of in the election year…
The trend is correct, because in 2022 inflation here was 8.6 percent, the highest value since the oil crisis of 1974. But in other countries inflation fell even sharper. In our case, however, the gap with cheaper countries has actually increased! In December we were the second most expensive country of the twenty EU countries. For example, Belgium had only 2.3 percent inflation, Spain 3.4 percent.
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.
