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    INFLATION ANALYSIS Macroeconomics Final 1

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    Larr Sumalpong
    The inflation rate in Austria decreased from 2011 to 2015: - In 2011 it was 3.54% and dropped to 2.57% in 2012. - It further decreased to 2.12% in 2013 and 1.47% in 2014. - The lower inflation rates from 2012 to 2014 were likely due to Austria improving its cost, wage, and price controls after experiencing high inflation and economic imbalances in previous years.

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    INFLATION ANALYSIS Macroeconomics Final 1

    Uploaded by

    Larr Sumalpong
    23 views2 pages
    The inflation rate in Austria decreased from 2011 to 2015: - In 2011 it was 3.54% and dropped to 2.57% in 2012. - It further decreased to 2.12% in 2013 and 1.47% in 2014. - The lower inflation rates from 2012 to 2014 were likely due to Austria improving its cost, wage, and price controls after experiencing high inflation and economic imbalances in previous years.

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    The inflation rate in Austria decreased from 2011 to 2015: - In 2011 it was 3.54% and dropped to 2.57% in 2012. - It further decreased to 2.12% in 2013 and 1.47% in 2014. - The lower inflation rates from 2012 to 2014 were likely due to Austria improving its cost, wage, and price controls after experiencing high inflation and economic imbalances in previous years.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    23 views2 pages

    INFLATION ANALYSIS Macroeconomics Final 1

    Uploaded by

    Larr Sumalpong
    The inflation rate in Austria decreased from 2011 to 2015: - In 2011 it was 3.54% and dropped to 2.57% in 2012. - It further decreased to 2.12% in 2013 and 1.47% in 2014. - The lower inflation rates from 2012 to 2014 were likely due to Austria improving its cost, wage, and price controls after experiencing high inflation and economic imbalances in previous years.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    INFLATION ANALYSIS Date Submission: 3/ 9/ 2021

    AUSTRIA

    4%

    3.5%

    3%
    2.57%
    2.12%
    2.5%

    2%
    1.47%
    1.5%

    1%

    0.5%
    2011 2012 2013 2014 2015

    The inflation rate of Austria in year 2012 was 2.57% according to its new release
    inflation data. And it is far from 2011 rating which rises at 3.54% which is a higher than its
    current inflation rate. Moving to 2013, the inflation rate was 2.12% and its lower down to
    0.45% from 2.57 and, In the 2014 inflation rate was 1.47% which is nearly down to 0.81 of 2015.

    2012 Inflation rate is 2.57% Which from the year 2011 that has 3.54% up to 1.47%. So, in
    this analysis of the inflation rate from 2012 to 2014 was more improved. Because they handle
    the cost, the wages and the prices of goods. The reason of this inflation rate in 2012 was maybe
    the trading economy that the Austria’s big loss of income and its exchange of their money to
    other countries which made them unbalance of their economy and it affects the cycle of the
    income of the country. But unfortunately, they improve their economy from 2.57% down to
    1.47% maybe in exporting some goods and services. Also, maybe the local build more
    businesses that really helps the economy of Austria.

    2013 Inflation rate is 2.12%. The reason of one of the high inflation rates in Austria was
    their export performance, and also the lack of foreign demand. Also, Austrian companies have
    lost its international market. Austria was one of the few countries in which unemployment only
    rise marginally. But, in 2013 to 2014 the unemployment rate rose quite great. As result Austria
    lost its position of the country with the lowest unemployment rate in Europe. Unemployment is
    low in local economy and also it affects the cycle of the Austrian income. Specially in shortage
    of goods. Not good worth it investments due to its high prices of goods and services.

    2014 Inflation rate is 1.47%. In this part there reason of the high inflation was due to its
    previous problems that they are trying to bring back to its normal tally, they operate more
    businesses jobs and opportunity to heal the development, that has a big changes to its inflation
    because of the people and the economy are slowly getting higher and its contribution to the
    economic growth and development was getting good, that in the year of 2014, they reach the
    lowest percent from 2011 that is 3.54% down to its current inflation rate in 2014 was 1.47%, so
    there is a big difference from that year.

    Reference:

    H. Plecher. (2020, Nov 26). Austria: Inflation rate from 1985 to 2025.
    • Austria - Inflation rate 2025 | Statista.
    Klaus Weyerstrass (2015, Jan 6) Austria’s economy weathered the crisis well, but now risks
    falling behind.

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