Fuel prices drive up inflation in Austria
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Prices in Austria rise fast again. Inflation is 3.2 percent in August. That is more than in July. Fuel prices are much higher now. Gasoline and diesel cost a lot more money. Heating oil is also more expensive than last year.
Fuel prices rose by 26.3 percent. This also happens because of a war in Iran. Prices are even higher in Germany. Gasoline costs up to 2.30 euros there. Austria has a price limit for fuel. This rule makes taxes lower. The government wants to help longer.
There are also good news. Food is a bit cheaper now. A low tax helps with this. The tax dropped in July. Services are also a reason for high costs. Experts say: Wind power and solar power can help against high prices in the future.
Fuel prices rose by 26.3 percent. This also happens because of a war in Iran. Prices are even higher in Germany. Gasoline costs up to 2.30 euros there. Austria has a price limit for fuel. This rule makes taxes lower. The government wants to help longer.
There are also good news. Food is a bit cheaper now. A low tax helps with this. The tax dropped in July. Services are also a reason for high costs. Experts say: Wind power and solar power can help against high prices in the future.
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Definitions
- Inflation
- Inflation means that money loses value. Goods become more expensive.
- Mehrwertsteuer
- This is a tax you pay when you buy goods.
- Statistik Austria
- This is an office in Austria. It collects important data about prices.
People
- Manuela Lenk
- Manuela Lenk is the head of Statistik Austria.
- Wolfgang Hattmannsdorfer
- Wolfgang Hattmannsdorfer is the economy minister of Austria.
- Friedrich Merz
- Friedrich Merz is a politician in Germany.
Locations
- Austria
- Austria is a country in Europe.
- Germany
- Germany is a country next to Austria.
Sources
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