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Prices rise again in August

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Prices rise fast in Europe. The rise is 3,3 percent in August. Energy costs much more now. Energy prices rise by over 14 percent.

The rise is 3,2 percent in Austria. Gas and oil cost more. Food does not cost much more. The tax on food is lower.

The bank wants low prices. The goal is 2 percent. The bank raises the interest rates soon. This helps people who save money.

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Definitions

Inflation
Inflation means that money loses value. You get fewer goods for the same money. This is also called price rise.
Euro-Päische Zentral-Bank
The Euro-Päische Zentral-Bank is the bank for countries with the euro. It makes sure that prices stay stable.
Mehrwertsteuer
The Mehrwertsteuer is a tax on goods. Buyers pay this tax in the shop.
Dienst-Leistungen
A Dienst-Leistung is work for someone else. An example is a haircut.

People

Manuela Lenk
Manuela Lenk works at a statistical office.
Isabel Schnabel
Isabel Schnabel works at the central bank.
Olli Rehn
Olli Rehn works at the central bank too.

Locations

Österreich
Österreich is a country in Europe.
Deutschland
Deutschland is a country in Europe.
Spanien
Spanien is a country in the south of Europe.

Sources

Logo ORF
ORF

Inflation im Euro-Raum auf 3,3 Prozent gestiegen

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la Repubblica

Istat, balzo dell’inflazione al 3,3% in agosto. Pesa la nuova fiammata dell’energia

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Logo FAZ
FAZ

Inflation im Euroraum steigt auf 3,3 Prozent

Read now
Logo 5 Minuten
5 Minuten

3,2 Prozent: August-Inflation wieder höher – das sind die Gründe

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Logo FAZ
FAZ

Inflationssprung auf 3,3 Prozent: Was heißt das für Sparer und Kreditnehmer?

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Logo Kurier
Kurier

Energie teurer: Inflation legt im August wieder zu

Read now

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