Study: Austria Hardly Intervenes in Pricing

8.7 percent of the prices for goods used to calculate inflation are administered by the government in this country. This places Austria in 5th place among EU countries that are least involved in price regulation.

Ireland as the Tail End

According to the Eurostat definition, administered prices are goods and services whose prices are fully or predominantly influenced by the government. With a share of 3.5 percent, Ireland forms the tail end of the ranking according to the Momentum analysis. Switzerland most strongly influences price setting with a share of 30.7 percent. The EU average is 12.3 percent.

Persistent Inflation

In particular, prices for food, rent, and energy have recently risen sharply. During the upcoming two-day government retreat, measures against inflation and for economic recovery are also to be discussed. In addition to energy prices, the planned rent price cap is also to be a focus of the retreat.

(APA/Red)

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