The inflation percentage in Austria increased by 2.9 percent in March for the same month in the previous year, after an inflation of 3.2 percent in the two previous months of January and February. The biggest price drivers were services such as in the previous month. The prices for this rose by 4.2 percent in the year.
Food, tobacco and alcohol with plus 3.2 percent have also been more expensive. Energy prices, on the other hand, rose by 2.2 percent below the average by 2.2 percent.
Dragging in April
In April there are also some innovations for the Austrians. This also results in price increases, from court costs to tobacco to electric cars and photovoltaic.
But why did energy prices only increase below the average? “Here the lower fuel prices have partially compensated for the increased electricity prices,” said Statistics Austria, general manager Tobias Thomas. The prices for industrial goods rose by 0.8 percent.
According to the European standard, the Consumer Price Index (HVPI) had harmonized 3.1 percent and 0.3 percent in the previous year compared to the previous month.
Botch is increasing
Due to the cloudy economic points of sale, more and more people are present in this country. The recession continues, unemployment is increasing and inflation is still high: in times like this the blooms – this year it should increase again. The biggest loser is the state.
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.
