© Scott Warman/Unsplash
20.08.2021
Development of Food Prices in Austria
WIFO Research Brief on Current and Expected Assessments
For the current year 2021, food and beverage prices are expected to rise by 1.7 percent, although the price increase in the first half of the year was only 0.9 percent and inflation is expected to reach 2.5 percent in the second half of the year. For next year, an increase of 2.8 percent is forecasted (first half of 2022 +3.9 percent, second half of 2022 +1.8 percent).
The rapid economic recovery following the severe recession caused by the COVID-19 pandemic is showing frictions along important value chains. Due to bottlenecks in the transport system and because the supply of raw materials and agricultural goods cannot fully meet the rapidly rising demand, the prices of many goods have risen (in some cases very) strongly since the second half of 2020. Traditionally, food prices react with a certain delay to changes in the prices of agricultural commodities.
Publications
WIFO Research Briefs
20.08.2021
Finalization: August 2021
Specialist publication: WIFO Research Briefs
Please contact
Macroeconomics and Public Finance
Climate, Environmental and Resource Economics
Further news
WIFO Economists Publish New Book on Austrian Competitiveness
30.06.2025
Video: Opening Discussion and Pulse Lecture
27.06.2025
Results of the WIFO-Konjunkturtest (Business Cycle Survey) of June 2025
27.06.2025
Research Group Industrial, Innovation and International Economics
20.06.2025
Workshop on Sustainability, Inequality and Innovation
18.06.2025
Video: Research Seminar with Matthias Schnetzer and Eva Six
18.06.2025
WIFO Business Cycle Report of June 2025
12.06.2025
WIFO Research Brief: Between Insurance and Social Policy
06.06.2025
That is Slightly Higher Than the EU Average of 0.66 Percent
26.05.2025
"EU GDP to grow by of 1.2 percent in 2025 and 1.5 percent in 2026"
23.05.2025
Call for Papers – Deadline for submissions: 15 July 2025
20.05.2025
Video: Research Seminar with Ulrich Glogowsky
19.05.2025
Price Effects Dampen Real Development
14.05.2025
But Global Uncertainty Persists
13.05.2025
Retail Business Cycle Report in Cooperation with the Austrian Retail Association
08.05.2025
Video: Research Seminar with Nikolaus Kowall
30.04.2025