Explode prices: Food scandal hits Austrians hard!

Explode prices: Food scandal hits Austrians hard!

Steiermark, Österreich - The price increases in the food sector achieve alarming dimensions! According to a current study by the Styria Chamber of Labor, the price for a shopping cart that cost 51 euros before the start of inflation rose to almost 78 euros. This shopping cart includes essential products such as orange juice, pasta, flour, butter, eggs and milk and milk products that we need every day. Susanne Bauer from the Chamber of Labor reports on the drastic increase in prices, which affects Austria in particular: "The so-called Austria surcharge is particularly clear here," she explains.

Consumers such as butter, wheat flour, bean coffee, tomatoes and pasta passed, which have increased by over 80 percent, have been particularly affected. According to the study author Herbert Ritsch, international food dealers and their speculations on the financial market have a significant impact on pricing. "We observe a concentration of food dealers at the European level, while investment companies also invest in this industry and thus drive prices," he adds. In order to effectively contain this worrying development, Ritsch demands strengthening regional food production as well as international binding laws and regulations. He emphasizes that market conditions in Austria are particularly strong compared to Germany, which not only represents a domestic problem, but also a loud appeal to the entire EU, as wien.werkammer.at reports.

The discussion about pricing in Austria is getting louder. Experts and consumer advocates require concrete measures to protect consumers from intolerable price increases. The alarming numbers of the Chamber of Labor are not only a reminder to politics, but also to the international food industry, which must meet its responsibility. Only through improved regulation and promotion of regional products can a sign against the uncontrolled price speculation.

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OrtSteiermark, Österreich
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