Inflation has finally fallen below the magic limit of 2 percent, but not for everyone: if you look at the details, you see that some states are far below it, but others are also well above it. Vienna is the unfortunate record holder.
For the European Central Bank, an inflation rate of two percent is the value at which one does not have to worry about price explosions and rising inflation. Austria has been below this again since the beginning of autumn. Both the consumer price index and the (European) harmonized consumer price index show a price increase of 1.8 percent compared to the previous year. Why then do the Viennese not notice the relaxation on the stock market? Simple answer: because inflation is much higher here.
Source: Krone
I am Wallace Jones, an experienced journalist. I specialize in writing for the world section of Today Times Live. With over a decade of experience, I have developed an eye for detail when it comes to reporting on local and global stories. My passion lies in uncovering the truth through my investigative skills and creating thought-provoking content that resonates with readers worldwide.
