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Cant talk about Hungary but in Austria the reason is the incredibly broad and untargeted financial assistance for everybody because of the energy crisis and cov
by Paradigma11 3y ago
Cant talk about Hungary but in Austria the reason is the incredibly broad and untargeted financial assistance for everybody because of the energy crisis and covid.
The reason for this is technical incompetence and cowardice of the government. They could not have done something better even if they wanted and they fear the voters far too much to let some hurt go through the system.
I am no rich antigovernment libertarian but there can be no surprise that all those measures
https://www.klimabonus.gv.at/en/ https://www.klimabonus.gv.at/en/
https://land-noe.at/noe/blau-gelber-Strompreisrabatt.html https://land-noe.at/noe/blau-gelber-Strompreisrabatt.html
https://www.bmk.gv.at/themen/energie/energieversorgung/stromkostenbremse.html https://www.bmk.gv.at/themen/energie/energieversorgung/strom...
https://www.arbeiterkammer.at/antiteuerungspaket https://www.arbeiterkammer.at/antiteuerungspaket
....
have some effect on inflation.
- Paradigma11 3y agoJust to reiterate, my electricity bill last year went down from 1k to about 650Eur because of some aid or another while I am sure some family cant afford basic necessities.
- mqus 3y ago> have some effect on inflation. But how does this concretely affect supermarkets? They presumably didn't raise wages, they didn't have to pay more for their wares(at least not at the level they raised their prices at, after all they have probably long-term contracts at generous oligopoly conditions) and their electricity bill is maybe at most 10% of their cost. This is purely extortion.