A record inflation rate of around ten percent is making many Viennese break out in a sweat. But the actual price increases are much more dramatic.
The shopping cart may be half empty, but the bill will be many times more than it was a few months ago. This is currently the reality when shopping. After more than two years of pandemic, the current energy crisis and the associated inflation, many Viennese simply can no longer afford it. The rush to social markets and pawnshops underscores this. Extremely increased burdens But the inflation rate of around ten percent does not reflect the full extent of the misery. The current figures from the Vienna Chamber of Labor are particularly impressive. The prices of certain product groups are analyzed for the monitor at regular intervals. “We examine branded articles as well as the generally cheapest offers. It doesn’t matter which supermarket chain it is. Online shops are also being scrutinized. And the studies show that prices have skyrocketed,” says Manuela Delapina from the Vienna Chamber of Labor. Within a year, popular groceries and drugstore goods have risen by three-digit percentage points. Cheap products are often out of stock. The Chamber of Labor recorded a price increase of 194 percent for cheap sunflower oil or an increase of 118 percent for cheap flour (see chart). Delapina: “The problem is that many cheap goods are unfortunately often not available or sold out at the moment. So people can only reach for the more expensive products.”