Austrian WIFO Chief Warns Inflation to Exceed 3% on Energy Price Surge

WIFO director Gabriel Felbermayr forecasts Austrian inflation will exceed 3% due to a new wave of rising energy prices, citing a bleak global political situation. He notes limited fiscal room for political intervention, implying constrained policy response. The forecast signals a potential inflationary trend in the eurozone's smaller economies, though it is a single economist's projection.