Government Measures Against Inflation
Potential Impact on Households in Austria
In December 2021 and January 2022, the Austrian government implemented measures to compensate rising consumer prices for private households. The package amounts to about 4 billion €. The measures are strongly related to energy and transport consumption and compensate to a small extent for the deterioration in the standarf of living of low-income households. However, a medium-term analysis shows that the rising prices, especially in the housing sector, will not be offset by the anti-inflationary measures. Further targeted measures are needed to counteract the rising costs of living of low-income households in particular.