Inflation in Austria: 3.3% and new relief measures at an overview!
Inflation in Austria: 3.3% and new relief measures at an overview!
Inflation in Austria reached an increase to 3.3 percent in March 2025, which is mainly due to higher energy and food prices. This development marks a significant increase compared to the end of last year. According to statistics Austria, the consumer price index (VPI) was 3.2 percent in February 2025 and increased the following month. The rising electricity costs, which have grown by 35 percent since the electricity price brake expired, contribute significantly to this inflation development. Despite this challenge, authorities offer numerous relief measures to reduce the financial burden on the citizens. This reports
In addition, households can take up a repair bonus for 2025 of up to 200 euros. This is intended for the maintenance of electrical appliances and bicycles, with the funds limited. The income tax compensation for 2024 promises reimbursed amounts of up to 1,000 euros on average, while the increased family bonus is reimbursed by the tax office if the wage tax is paid too high. The calculation of inflation rates in Austria is carried out by the consumer price index (VPI) and the harmonized consumer price index (HVPI), both of which measure the price changes of goods and services over a certain period of time. The VPI is published every month by statistics Austria and serves as the basis for value security and wage negotiations. The HVPI plays a crucial role in inflation measurement in Europe and monitoring monetary value stability in monetary union. The shopping cart used for the calculations is based on the COICOP classification and represents the expenses of an average household in Austria. The revision of the VPI takes place every five years to adapt the weighting and shopping cart. This information is crucial to understand the economic situation and take appropriate measures. Compared to the previous years, the inflation rates in 2024 stagnated at 2.9 percent and have decreased significantly from the peak values of 7.8 percent in 2023 and 9.7 percent in April 2023, such as wko noted and detailed in the statistics of Statistics Austria price indices and inflation at a glance
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| Ort | Wien, Österreich |
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