The price spiral is reversed, the cost of food rose (even) further: cheap flour has become 129 percent more expensive in a year-on-year comparison (June 2021 to June 2022), butter by 76 percent and eggs by 47 percent. The numbers are “alarming”. If you want to buy the basic ingredients for a Kaiserschmarren, for example, you have to pay a lot more for flour, butter and eggs than in 2021.
The current “AK Price Check” from June 20 to 23, 2022 at seven supermarkets and discounters (Billa, Billa Plus, Spar, Interspar, Hofer, Lidl and Penny) shows: Cheap wheat flour (convenient, 1 kilogram) costs in June 2021 still 0.41 euros, in June 2022 already 0.93 euros. “That’s a price increase of 129 percent,” calculates Gabriele Zgubic of the employee representatives.
Tea butter (1 kilogram) cost 5.67 euros in June, now 9.96 euros – that means a price increase of 76 percent. An egg (size M) was still 0.15 euros in June 2021 and 0.22 euros at the end of June – an increase of 47 percent.
“It’s no fun if a lot of people have to turn over every euro twice and then cheap goods become more expensive,” says Zgubic. “Higher prices hit people with lower incomes much harder.”
Cheap products sometimes not in stock
“A major problem is that, in addition to the sharp price increases, there are sometimes no cheaper own brands in the shops and the consumer has to resort to even more expensive products.”
VAT reduction on groceries needed
The government’s anti-inflation package is positive, but from the AK’s point of view “key measures are missing, such as price cuts. A temporary cut in VAT on food would therefore be a great relief for low-income households in times of massive crisis.” inflation.” In addition, strict monitoring is necessary to ensure that the price reductions actually reach the consumer.
Source: Krone
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
