2023-08-18 11:38:37
But wage and pension increases only happen once a year. And what is the consequence? This means that only once a year inflation is fully covered and purchasing power is preserved. In the course of the year, however, purchasing power then falls continuously. That matters less when inflation is just 2 percent. But when inflation is close to 10 percent, that’s a significant loss of purchasing power and wealth.
So: the high inflation makes us all poorer. And in Austria, inflation is higher than anywhere else in the EU. What are you supposed to think of our government?
dr Peter F. Lang, 1200 Vienna
Accessed on 08/18/2023 at 01:40
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