Austria: Austrian Consumers Spend More Money for Less Food

According to a recent survey by Agrarmarkt Austria, food purchasing volumes of Austrian households declined by five percent in the first quarter of 2023 compared to the first quarter of the previous year. Despite declining volumes, expenditures on select grocery items rose by 11 percent during the same period. High inflation and lower disposable income puts Austrian households under pressure. As a result, Austrian consumers are currently tending to purchase less and lower priced food products.