SPÖ threatens to intervene
High food prices: First company reacts
Displeasure and debates about rising food prices seem to be having an effect. The retail groups are reacting with various discount campaigns. The SPÖ sees this as confirmation: The political pressure is having an effect, price reductions are possible if the companies want them. The Social Democrats are calling for further steps and are threatening to intervene in the market again.
It was only on Tuesday that the Chamber of Labor published new figures on the rise in food prices. According to the figures, the 40 cheapest products from seven supermarkets and discount stores in the food and cleaning products sector have become a whopping eight percent more expensive in September compared to the previous year. Top of the list: coffee beans with an increase of more than 57 percent!
SPÖ demands permanent price reduction
The retail group Rewe has written a special letter to the government to draw attention to a current discount campaign. The letter was leaked to the "Krone" newspaper. The prices of its own brand "Clever" will be reduced by five percent until October 8. For the SPÖ, the letter shows that price reductions are possible "if the companies want to". The party is calling for "permanent, noticeable price reductions across the entire food retail sector". Of course, there are also campaigns at other retail chains such as Hofer, Lidl and Spar.
However, the price monitor shows that the price increases will continue until January 2026. Only then will the rent freeze and all other measures take effect. The government expects inflation to be lower from next year. The declared aim is to reduce this to below two percent.
"Food must be affordable for everyone"
SPÖ Federal Managing Director Klaus Seltenheim holds the food companies to account: if there are no permanent price reductions, the SPÖ will lobby the government for market intervention to stop inflation. "We have shown that political pressure is needed to get things moving." The SPÖ also proposes a price commission that can set prices under certain conditions and the setting of maximum margins for producers. "Food is not a luxury good - it has to be affordable for everyone," says the Federal Managing Director.
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