According to an analysis by the union and labour chamber-affiliated Momentum Institute, life in Austria has become considerably more expensive in the past five years. By the end of 2024, the average Austrian needed 458 euros more per month than at the end of 2019 if they wanted to maintain the same standard of living as then. Further price increases in 2025 would make life even more expensive, it was said.
The Same Standard of Living as Five Years Ago Now Costs Us 458 Euros More Per Month
30-12-2024, 08:15
The cost of living in Austria has significantly increased over the past five years. On average, one needs an additional 458 euros per month to maintain the same standard of living as in 2019.
Additional Costs of 458 Euros per Month for the Same Standard of Living
Of the monthly 458 euros, which the Momentum Institute refers to as "additional costs", 66 euros were for food, 83 euros for housing and energy, 128 for gastronomy and management, 14 euros for fuels and another 167 euros for other expenses such as health, leisure and culture or education. Compared to the average inflation rate of the eurozone, however, people in Austria would have to shoulder 96 euros less per month, it was calculated.
(APA/Red)
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