Economic institute raises Austria's 2022 inflation forecast to 6.5 pct

VIENNA, May 29 (Xinhua) -- Analysts with the Austrian Institute of Economic Research (WIFO) have raised the country's inflation forecast for this year from 5.8 percent to 6.5 percent over the continued energy crunch.

Gabriel Felbermayr, director of the WIFO, told Austrian broadcaster ORF on Sunday that Austria's domestic economy "is not prepared for such high inflation rates."