Inflation in Austria has jumped to its highest level in over 40 years, citing data from the country’s federal statistics agency Statistics Austria. Consumer prices in the country rose in April at the highest rate in over four decades!

In April 2022, consumer prices again increased significantly compared to last year – by 7.2%. We saw such a high rate of price increase in Austria for the last time in October 1981. Then the price of oil jumped sharply due to the Iran-Iraq war.

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Now, the draconian Covid-19 measures and fabricated sanctions on Russia are to blame, but Tobias Thomas, the CEO of the statistics agency in Austria short-handedly pointed the finger at rising fuel prices and food prices as the decisive factor.

According to the agency’s calculations, transport costs increased by an average of 17.7% after having already jumped by 15.9% in March. The growth is attributed to higher fuel prices, which spiked 49.1% in April.

This also hit airfares, which rose by 45% last month. Household energy costs also sky-rocketed, increasing by almost 29%, while food prices surged by 8.4%. The cost of an average weekly shopping basket rose 14% in April compared to 2021.

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Austria is among a growing number of Western states to suffer from soaring consumer prices. Inflation in Britain hit a 40-year high last month at 9%, while prices have also been growing at record-breaking speed in the USA, Germany and other nations.

The spike in prices follows the introduction of economic sanctions against Russia in response to its military operation in Ukraine. The measures were meant to destabilize Russia’s economy, but they appear to have backfired on nations that imposed them.

RT. com / ABC Flash Point News 2022.

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ZForever
ZForever
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18-05-22 17:18

And like all other western run countries, it is going to get a lot worse thanks to the thieves in charge of the CON

Charleyismydog
Charleyismydog
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Reply to  ZForever
18-05-22 17:20

Be sure to thank the US and your ass kissing leaders

Valkry
Valkry
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Reply to  ZForever
18-05-22 17:21

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AllYouBaseAreBelongUs
AllYouBaseAreBelongUs
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18-05-22 17:23

How Austria and other Western nations may adapt is by the guys growing Joe Dirt mullets and women teasing and sporting really big hair, wearing polyester Day-Glo shirts, skin-tight jeans with no underwear, drive American Motors Pacers and Yugos, put Heart, Linda Ronstadt , Joan Jett, the Stones, Who and the Eagles on the 8-track player in their battered green Volkswagen’s then drive around in circles at night between the two 8-hour shifts they have to work each day. Living 5 to 10 to an apartment if you were 21 or so in 1981 was also the rule not the… Read more »

AllYouBaseAreBelongUs
AllYouBaseAreBelongUs
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Reply to  AllYouBaseAreBelongUs
18-05-22 17:24

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