2024-02-18 06:04:20
Austria has recently been relatively far ahead in a European comparison, and not just when it comes to the very hard inflation data. Fans of pizza and quiche who buy these dishes in stores to eat at home also had to swallow relatively higher price increases for these dishes in this country than fans of these dishes in many other European countries. This “pizzaflation” is shown by a recent evaluation by the statistical office Eurostat.
Opinions differ, of course, when it comes to the actual “pizza-ness” of many such ready-made products. It’s easy to argue with pizza lovers and, of course, bakers. Experience has shown that a Neapolitan pizzaiolo (professional pizza chef) should not be led to believe that a ready-made pizza is a pizza. Nevertheless, frozen pizzas are seen in most European households at least all year round and are hard to imagine without.
In December 2023, the price of pizza and quiche bought in stores in the EU was on average 5.9 percent higher than in December 2022. According to Eurostat, the price increase from the end of 2021 to December 2022 was significantly higher at 15.9 percent. The authority therefore speaks of a “slowing of the inflation rate for pizza and quiches prices in 2023” – i.e. a declining “pizza inflation”.
The price increase in Austria recorded by Eurostat was 9.5 percent, significantly above average in the EU – as a reminder: annual inflation in the Alpine republic was reported by Statistics Austria to be slightly lower at 7.8 percent. Last year, however, ready-made pizza eaters in Hungary (+13.4 percent), Luxembourg (+11.3 percent), Latvia (+10.6 percent) and Germany had to nibble even more on ready-made pizza and quiche prices (+9.9 percent).
At the other end of the scale, there was even frozen pizza price deflation in the Netherlands, i.e. a decline of at least 0.9 percent. The lowest price increases were seen in Denmark (+0.6 percent) and Belgium (+1 percent), where slight increases were recorded.
Prices for “pizza and quiche” as a product group are also included in various shopping baskets of the statistical authorities such as Statistics Austria. At the domestic authority, the weighting for 2023 in the CPI was 0.07721 points and in the HICP it was 0.08035 out of a total of 100 points (the same for “frozen pizza” alone). All 118 food (groups) together accounted for 10.29468 (CPI) and 10.76027 (HIVPI) points.
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