Food prices are exploding: up to 142% more expensive in the supermarket!

Food prices are exploding: up to 142% more expensive in the supermarket!

Food prices have reached alarming levels, which are placing a heavy burden on consumers. Loud 5min.at The cost of food has risen on average by almost 11 percent, which increases the shopping basket for 40 common products to almost 81 euros. In comparison, the price in March 2024 was 73.27 euros, which means a significant additional financial burden. What is worrying is that since the wave of inflation in September 2021, almost all products have become more expensive, with the exception of liquid detergents.

A current survey shows that 23 out of 40 foods have seen price increases, some of which were drastic, such as coffee beans, whose price rose by 126 percent, or orange juice, which rose by 142 percent. In contrast, 12 products, including potatoes, were offered at up to 30 percent cheaper. Only five products remained stable in price, including flour and pureed tomatoes. These developments particularly affect people with low incomes, families as well as older and younger people, as the Vienna Chamber of Labor reports.

Price increases in detail

• Orangensaft: +142%
• Bohnenkaffee: +126%
• Penne-Nudeln: +97%
• Mehl: +88%
• Vollmilchschokolade: +80%
• Teebutter: +81%

The price increases are not just a phenomenon in Austria. How Tagesschau.de reports, consumers in many countries are feeling a similar increase in food prices. Since 2020, these prices have increased by almost a third, while certain items, such as sugar and grains, have even seen increases of 80 percent and 50 percent, respectively.

Another factor contributing to the increased prices is crop failures, which affect global food production. Olive oil prices in particular have more than doubled between 2020 and 2024, partly due to extreme drought and the associated reduction in harvest. The economic environment is forcing consumers to continually deal with rising prices.

The Vienna Chamber of Labor conducted an analysis of price developments in various supermarkets. Compared to discount stores, shopping carts in supermarkets were on average more expensive. These price increases not only raise questions about the suitability of everyday shopping, but also leave hope for faster stabilization in a changing economic situation.