First the fuel prices, then the heating oil and finally also the groceries.: Everything is not only “felt” more expensive and the price increases continue. More and more people are speaking openly about existential fears.
Inflation seems to be unstoppable. Most recently, edible oils were the most affected foodstuffs, but dairy products are also affected. A few dairies are expecting price increases of up to 25 percent. Milk producers have to save – the background is also the price increases for concentrated feed, fertilizer and diesel, which have a direct impact on the milk volume – a vicious circle.
The Federal Statistical Office in Germany recently stated that it was expecting inflation of 7.4 percent in April. In Austria, this is slightly lower at 7.2 percent, the highest value for 41 years. Further increases are to be expected. Statistics Austria boss Tobias Thomas said on Friday that food also has an additional price-increasing effect.
Recently, calls for a reduction or even suspension of VAT on food have become louder and louder. (eXXpress reported). The vice chairman of the food association, Christof Kastner, criticized this plan: “We have no support for it,” he said. If the tax were suspended, its reintroduction could have devastating consequences for consumers. Even Spar has shown little enthusiasm for the idea. Group spokeswoman Nicole Berkmann said a reduction in VAT would not be targeted.