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Austrian Inflation to be well above 2% in 2011
Politics ♦
Published: January 27, 2011; 00:25 ♦ (Vindobona)
Temporary price-drivers of fuels, commodities as well as the budget consolidation spurring inflation on, but lack of cyclical inflationary pressures.
Austrian Inflation to be well above 2% in 2011 / Picture: © Vindobona.org
The recent spike in inflation has rekindled fears of inflation getting out of hand. This sharp increase in prices has been caused by rising global market prices for fuels and agricultural commodities, which will continue to exert pressure on consumer prices. The budget consolidation in 2011 will be another factor pushing prices up, albeit moderately. The stable rate of core inflation…
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