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Austrian national bank revises up 2022 inflation forecast to 8.5%

Austrian national bank revises up 2022 inflation forecast to 8.5%
Austrian national bank revises up 2022 inflation forecast to 8.5% -  Copyright  Thomson Reuters 2022
Copyright Thomson Reuters 2022
By Reuters
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BERLIN - Austria's OeNB national bank revised up its inflation forecasts for 2022 through 2024 on Friday, citing higher energy prices and labour costs.

For 2022, the bank now sees the consumer price index, harmonised to make it comparable with inflation data from other European Union countries (HICP), at 8.5%.

Inflation is expected to be at 6.4% in 2023 and 3.7% in 2024, the bank said its latest forecast.

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