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The Austrian inflation problem is easily answered: wage inflation (collective bargaining agreements), paired with high gas costs, paired with many inflation lin
by the_mitsuhiko 3y ago
The Austrian inflation problem is easily answered: wage inflation (collective bargaining agreements), paired with high gas costs, paired with many inflation linked contracts such as rents. Many of these feed back into the inflation basked and just make inflation quite sticky.
- Haemm0r 3y agoHigh gas prices are not a thing anymore: It is about EU average: https://ec.europa.eu/eurostat/databrowser/bookmark/bef444e2-a1ee-4bb4-8cd0-b63a672064e1?lang=en https://ec.europa.eu/eurostat/databrowser/bookmark/bef444e2-... Interesting fact when looking at the data: Many countries with a "high" inflation right now have very low gas prices.
- the_mitsuhiko 3y agoI cannot judge what "EU average" is. I can only tell you that the gas price that a household customer pays today is still twice than it was before this crisis and that is reflected in wholesale prices if you compare the cost of gas in Austria compared to 2020 and earlier.
- helpfulContrib 3y agoGas, petrol for cars, or gas, for heating and cooking? It seems the Americans in this thread might be a bit confused about that.