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Inflation in Austria has jumped to its highest level in over 40 years, media reported on Wednesday, citing data from the country's federal statistics agency Statistics Austria. CEO Tobias Thomas said in a statement:Consequences: Europe and the West bite their own hands to punish Russia."In April 2022, consumer prices again increased significantly compared to last year - by 7.2%. We saw such a high rate of price growth in Austria for the last time in October 1981. Then the price of oil jumped sharply due to the Iran-Iraq war. Now, along with fuel and energy prices, food prices are the decisive factor."According to the agency's calculations, transport costs increased by an average of 17.7% after having already jumped by 15.9% in March. The growth is attributed to higher fuel prices, which spiked 49.1% in April. This also hit airfares, which rose by 45% last month. Household energy costs also skyrocketed, increasing by almost 29%, while food prices surged by 8.4%.
This week's data shows that the cost of an average weekly shopping basket rose 14% in April compared to last year.
Austria is among a growing number of Western states to suffer from soaring consumer prices. Inflation in Britain hit a 40-year high last month at 9%, while prices have also been growing at record-breaking speed in the US, Germany and other nations.
The spike in prices follows the introduction of economic sanctions against Russia in response to its military operation in Ukraine. The measures were meant to destabilize Russia's economy, but they appear to have backfired on nations that imposed them.
"It is important that in the conditions, for example, of a global famine that will occur closer to autumn, by the end of this year all over the world, Russia should not suffer, but be fully provided with food."The main reason for this potential global famine, in his opinion, is the increase in the cost of wheat on the world market which stems from Washington's irresponsible monetary policy.
"Until about 2020, wheat prices on the world market were stable, but following the increased printing of the dollar, which started around July 2020, prices started rising sharply."Oreskin referred to Washington's measures to curb the impact of the Covid-19 pandemic on the economy. However, the Biden administration's more recent actions are likely to worsen the situation, which is already dire.
"In fact, what America is trying to do with Ukraine now is to take out the grain reserves that Ukraine currently has in its possession - just another action that dooms Ukraine to serious humanitarian problems, but also dooms the global community to having big problems with hunger."
Moscow said on Thursday that 1,730 Ukrainian fighters had surrendered in Mariupol over three days, including 771 in the past 24 hours, claiming a surrender on a far bigger scale than Kyiv has acknowledged since ordering its garrison to stand down.

"These two countries lack a clear stance against terrorism" and "Sweden is a nesting ground for terrorist organizations,"Erdogan said. He also said that Turkey wouldn't allow countries that impose "sanctions" on Turkey to join NATO, an apparent reference to restrictions on weapons sales imposed by several European nations.
"Whoever would overthrow the liberty of a nation must begin by subduing the freedom of speech." — Benjamin FranklinBeware of those who want to monitor, muzzle, catalogue and censor speech.
Comment: Biden, the destructor-in-chief, has neither tolerance nor reason. It is above his comprehension and beneath his pay scale.