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

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

Wien, Österreich - The prices for food have reached an alarming level that heavily burdened consumers. According to 5min.at , the costs for food have increased 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. It is worrying that almost all products have become more expensive since the wave of inflation in September 2021.

A current survey shows that 23 out of 40 foods have sometimes recorded drastic increases in price, such as bean coffee, the price of which has increased by 126 percent, or orange juice with an increase of 142 percent. In contrast, 12 products, including potatoes, were offered up to 30 percent cheaper. Only five products remained stable in the price, including flour and tomatoes. These developments particularly affect people with low incomes, families and older and younger people, as reported by the Vienna Chamber of Labor.

price increase in detail

• orange juice: +142%
• Bean coffee: +126%
• Penne noodles: +97%
• flour: +88%
• whole milk chocolate: +80%
• tea butter: +81%

The price increases are not just a phenomenon in Austria. As tagesschau.de reports, consumers feel a similar increase in food prices in many countries. These prices have increased by almost a third since 2020, while certain articles, such as sugar and grain, have even increased an increase of 80 percent or 50 percent

Another factor that contributes to the increased prices are crop failures that affect global food production. Olive oil prices in particular have more than doubled between 2020 and 2024, which is partly due to extreme drought and the associated reduction in the harvest. The economic framework forced consumers to continuously deal with increasing prices.

The Vienna Chamber of Labor observed the price development in various supermarkets in an analysis. Compared to discounters, the shopping cart in supermarkets was more expensive on average. These price increases not only raise questions about the everyday suitability of shopping, but also leave hope for faster stabilization in a changing economic situation.