“Exploring the Surging Food Prices in Austria: Insights from Industry Experts and Researchers”

2023-04-26 10:58:40

The food summit announced by Social Affairs Minister Johannes Rauch (Greens) will take place on May 8th. On this date, the head of department and Vice-Chancellor Werner Kogler (Greens) will ask representatives of the food chains, agriculture and social partners, among others, to hold a meeting with economic researchers to discuss the high prices. After the Council of Ministers, Rauch pointed out that food prices were above average.

Overall inflation in March was 9.2 percent. For food, however, it was 14.5 percent. In addition, there are significantly higher prices in Austria than in Germany. Rauch now wants an assessment of how the phenomenon comes regarding and what options for action there are. Because in the other areas that affect financially weak households, heating and housing, the government has already provided help.

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