Increase of Inflation Forecast

People ♦ Published: February 24, 2011; 00:15 ♦ (Vindobona)

The Austrian Institute of Advanced Studies (IHS) increases its inflation expectations to 2.4% due to the increase in energy prices

Increase of Inflation Forecast / Picture: ©

The IHS increases its current inflation forecast for Austria from 2.0% to 2.4%. For 2012, inflation is to rise still further to 2.5%.

Rising energy prices are the main drivers of this development. The price of oil has tripled since its interim low during the economic crisis. According to IHS Chairman Bernard Felderer, this development will continue. Not only energy prices but…