"After the Russian invasion in Ukraine and the subsequent crises in energy, food and raw material supply, high inflation returned to the headlines. It had hardly being discussed since 2008 (just before the financial crisis) or even since 1978 when the second oil price shock caused a similar hike in import prices. In October 2022, the inflation rate in Austria reached a new record high of 11%, surpassing the val-ues of 1974, albeit only slightly, while the same pattern applies in al-most all other EU member States. The editorial board of Wirtschaft und Gesellschaft, together with the Macroeconomic Policy Institute of the German Hans Boeckler Stiftung (IMK) and the Vienna Institute for International Economic Studies (WIIW) and the Department of Economics of the Chamber of Labour Vienna therefore invited experts from various countries to give country overviews on the social and economic consequences of the inflation crisis and the political answers given by governments and social partners. In total, we commissioned studies of local economists in 10 European countries1 de-scribing the developments during the first three quarters of 2022…"

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