March 29 (Reuters) - Inflation in Austria is expected to
come in at 6.9% in 2023 and to remain high in the medium term,
the Austrian National Bank (OeNB) said on Wednesday.
The inflation rate is expected to come in at 4.0% in 2024
and 3.1% in 2025, according to the national bank's forecast.
"In 2023, inflationary pressure from energy prices is easing
significantly. However, the inflation rate is increasingly
determined by domestic price pressure, which also stems from the
strong wage cost increases of the recent past," it said in a
statement.
(Reporting by Tristan Chabba, Editing by Rachel More)
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