Inflation

German, Austrian inflation difference is a lifestyle choice

Germans' tendency to eat at home and Austrians' fondness for going out to restaurants is reason behind inflation discrepancy between two countries.

bloomberg

18.12.2017

Rightly or wrongly, Germans are often seen as a pretty frugal bunch. Now Austria, a neighboring nation with plenty of cultural and historical similarities, has uncovered evidence to back that argument, at least when it comes to eating out.

Austria saw prices rise nearly 0.8 percent faster in October than in Germany. And according to the head of economics for the Austrian National Bank, the main reason is that her countrymen like to dine out more than Germans.