If the market does not work, politicians must intervene. The Council of Ministers did the same with an anti-inflation package. But there is not much to notice yet. Food prices are currently rising by an average of 12 percent, more than the average increase of 9 percent. Here we show you how it works.
The Chamber of Labor criticizes that even previously cheap products have long cost much more and that there are also sharp price increases for branded products that are already more expensive. The AK price monitor shows that prices have risen in both the food and drug stores and the web shops. A cheap pizza now costs almost twice as much as in June of the previous year, cheap apricot jam for pancakes is almost 123 percent more expensive than in 2022.
In the case of a cheap nail polish remover and a hair conditioner, the Labor Chamber recorded an increase of about 300 percent. But branded products such as Wiener Zucker from Agrana (+61%) or Ölz-Toast (+31%) were also more expensive than last year.
But how does this price increase come about? The price of butter, bread, fruit, vegetables and meat is basically based on the law of supply and demand. However, before the food reaches the final consumer through production via the supermarket shelf, it is important to understand the costs in the food chain.
Source: Krone
I am Wallace Jones, an experienced journalist. I specialize in writing for the world section of Today Times Live. With over a decade of experience, I have developed an eye for detail when it comes to reporting on local and global stories. My passion lies in uncovering the truth through my investigative skills and creating thought-provoking content that resonates with readers worldwide.
