6.8% Inflation: How Private Households are Affected by Rising Prices

Lifestyle & TravelLuxury Goods ♦ Published: April 20, 2022; 20:19 ♦ (Vindobona)

Inflation in Austria remains historically high and is pushing many households to their limits. Whether it's high gasoline prices or horrendous living costs, everyone is feeling the inflation. How the average household is affected by these problems and what impact they have on lower-income households, read here.

Rising prices are a major burden for many people in Austria. / Picture: © Wikimedia Commons / Tim Reckmann from Hamm, Deutschland / CC BY (https://creativecommons.org/licenses/by/2.0)

In March 2022, inflation, as measured by the Harmonized Index of Consumer Prices (HICP), rose by 6.8%, putting many households to the test. Whether it's significantly higher rent or horrendous fuel prices, the price increase seems to be clearly felt everywhere. Lower-income households in particular seem to be suffering from the price pressure, but how is it affecting the general population? …