Austria's (Over)Inflation and Its Main Sources
Austrian inflation has again been significantly higher than euro area inflation since September 2022. Both domestic and external demand and supply shocks have contributed to this, reflecting the following circumstances: a later implementation of price-dampening measures than in the rest of the euro...| Link(s) zu Dokument(en): | WIFO Publikation |
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| Veröffentlicht in: | WIFO Research Briefs |
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| Format: | paper |
| Sprache: | Englisch |
| Veröffentlicht: |
2023
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| Zusammenfassung: | Austrian inflation has again been significantly higher than euro area inflation since September 2022. Both domestic and external demand and supply shocks have contributed to this, reflecting the following circumstances: a later implementation of price-dampening measures than in the rest of the euro area, expansive fiscal policies, the resurgence of international tourism, and a delayed pass-through of the decline in wholesale energy prices. By contrast, wage shocks have so far not made a sustained contribution to the inflation (gap), although wage increases have recently been high. |
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