02.12.2019

The Real Cost of Food

Video: WIFO Economist Franz Sinabell at the "AMA-Forum"
Exploring the "true costs of food", WIFO economist Franz Sinabell stated that "many of our essential groceries are sold below their value" at the fifth AMA-Forum which took place in the Congress Saalfelden on 20 November 2019.

According to Sinabell, the price of a food item is not always a good indicator of its true costs. Market prices often do not reflect the social costs and therefore need to be corrected. In markets with limited competition, prices should be lower. The prices of goods that are detrimental to the environment or to consumers should be higher.

In the scientific literature, there is considerable evidence that eating healthy food according to their seasonal production pattern goes hand in hand with lower environmental impacts. According to Sinabell's assessment, less food waste would be necessary for achieving the goals of climate policy.
 

WU matters. WU talks. Keynotes by Christine Mayrhuber and Markus Knell
24.02.2026
Video: Press Conference by the Vienna Chamber of Labour and WIFO
20.02.2026
Insight into Economic Research: How Big is the Carbon Footprint of your Holidays?
17.02.2026
WIFO Study on the Challenges Posed by Chinese Industrial Policy and Options for Action for Austria and Europe
13.02.2026
Call for Papers – Deadline: 16 March 2026
12.02.2026
WIFO Study about the Long-Term Costs of Temporary Layoffs
03.02.2026
Stakeholder Workshop of the Research Project "Fair-Heat: A Comprehensive Analysis of Options for a Fair Heat Transition in Austria"
02.02.2026