Although inflation in this country has decreased overall, some products have become significantly more expensive compared to the previous year. Currently you have to dig deeper into your pockets for household appliances or perfume items, but other electronic products are now available at considerably cheaper prices.
An analysis by the price comparison platform Geizhals.at shows that price developments for the individual product categories vary greatly. The average prices in the period from January 1, 2024 to December 31, 2024 are compared with those in the same period last year.
Multifunction printers a third cheaper
The development was especially pleasant for consumers who wanted to buy a new multifunctional printer: they had to spend almost a third less on printers and scanners last year than in 2023 (minus 30 percent). Energy storage devices and portable gaming consoles also became significantly more affordable, with average price reductions of minus 21 percent each. Prices for notebooks and mobile phones have fallen slightly.
The price development for processors (CPU) went in the opposite direction: prices rose by an average of 18 percent last year. Cleaning robots (+13 percent) and perfume products (+11 percent) also recorded noticeable price increases. Televisions and fully automatic coffee machines each became ten percent more expensive, closely followed by robot lawn mowers and smartwatches, which were well above the general inflation rate with an increase of nine percent each.
Housing also became more expensive
According to preliminary data from Statistics Austria, the cost of building residential buildings and settlements increased by 3.6 percent in 2024 compared to the previous year. In road and bridge construction, costs increased by an average of 3.5 and 2.6 percent respectively, and in urban hydraulic engineering by 4.0 percent, the statistics authority announced on Wednesday.
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.
