Many catering establishments are struggling to survive and therefore see themselves more as a victim of inflation than as a price driver. Industry spokesman Mario Pulker does not accept the accusation that domestic landlords are fueling inflation: “We’re still damn cheap.”
In addition, according to Pulker, there are still many restaurateurs who have not adjusted their prices upwards either last year or this year. Pulker: “Otherwise no more guests will come to you.”
This mainly affects innkeepers in rural areas and bars in cities without a tourist environment. For many of those affected, it’s not worth keeping operations open because of the cost explosion.
A kilo of veal back is 50% more expensive
A kilogram of veal back has z. B. 50% more expensive since the end of the 2022 season. 10,000 bars are currently at huge risk, 6,000 are likely to close this year, according to expert estimates.
IHS boss: Higher inflation in Austria is due to gastro
The perspective of IHS boss Klaus Neusser is different. In addition to a different index weighting, inflation in Austria is higher than in Germany because you pay more with our hosts than in the neighboring country.
The official figures also clearly show the increases: according to Statistics Austria, the costs for catering increased in February by 13.4% compared to the previous year, in January it was +12.5%. Neusser spoke out against price interventions to combat inflation. “It would be much better to promote competition.” It is important that prices are established on the market.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
