Austria's inflation hits 47-yr high in 2022

VIENNA, Jan. 16 (Xinhua) -- Consumer prices rose by an average of 8.6 percent in Austria last year, more than three times the inflation rate in 2021 and the highest annual increase since 1975, Statistics Austria said on Monday.

Last year's high inflation was mainly driven by surging prices of household energy, fuels, food and restaurants, said Director-General of Statistics Austria Tobias Thomas in a statement.