SHARE
COPY LINK

COST OF LIVING

Cost of living: Austria’s postal service announces prices increases

Prices in Austria continue to rise and, this time, mailing letters and parcels will become more expensive. Here is what you need to know.

Cost of living: Austria's postal service announces prices increases
The logo of Austrian post is pictured in Vienna (Photo by SAMUEL KUBANI / AFP)

Austria’s postal service Post said business is “difficult” due to “inflation and uncertainty in the energy market”, stating that the package volume has decreased while their operation costs went up.

The state company’s answer to the challenging scenario is to increase parcel prices, and the changes will be valid starting in October.

Starting on October 1st, prices for posting S letters will go up from €0.85 to €1, M letters from €1.35 to €1.40, S packages from €2.75 to €3 and M packages from €4.30 to €4.50.

READ ALSO: Cost of living: Why are petrol prices in Austria still so high?

“The first six months of 2022 posed major challenges for companies, especially in Europe”, Post said, stating that the “COVID-19 pandemic, its countermeasures and the resulting delays in the global value chain were the starting point for what is now a worldwide inflationary trend.”

“The war in Ukraine has exacerbated the price increases for important raw materials and energy sources. These conditions will continue in the second half of the year. There is also a risk that the energy market will remain difficult to predict and gas supplies in parts of Europe will not be secure.”

Rising inflation and staff shortages

Inflation has been rising in Austria, reaching 9.2% in July, with essential items becoming increasingly more expensive.

READ ALSO: Inflation at 9.2% in July: How to beat rising prices in Austria

So far, the wave of inflation has affected chiefly energy and food prices but has now also arrived in the gastronomy sector, with increasing costs in bars and restaurants across the country.

However, as fuel and energy prices soar, people in Austria will see increases in all sectors, including postage services.

Another major challenge in the Austrian economy is labour shortage – and Post is now having difficulty finding new employees, especially drivers and workers for its distribution centres.

READ ALSO: Five of the biggest challenges facing Austria right now

“We have virtually full employment”, Post CEO Georg Pölzl told the daily Der Standard. He said that the company could immediately hire 1,000 people – if they were able to find the workers.

Member comments

Log in here to leave a comment.
Become a Member to leave a comment.

ENERGY

Energy costs: Vienna to support 200,000 households with up to €500

The City of Vienna is expanding its group of homes that can receive an energy cost voucher by the end of the year. Here's what you need to know.

Energy costs: Vienna to support 200,000 households with up to €500

Austria’s capital Vienna is expanding a program to subsidise part of the energy bills of around 200,000 eligible households, the City said in a press release.

“Energy costs are difficult for many Viennese to cope with in the current situation. We are helping those who need the support most urgently – and we are doing so in a targeted manner by settling outstanding bills with energy providers”, City Councillor for Social Affairs Peter Hacker said.

The City has already agreed with state-run energy company Wien Energie that, from December 2022 to February 2023, no electricity, gas or heat shutdowns will happen – regardless of any payment issues.

READ ALSO: From lighting to ice skating: How Vienna plans to save energy

Now, a group of more vulnerable people can apply for Energy Support Plus to get up to €500 in aid with their energy bills.

The following people can apply online at wien.gv.at for Energy Support Plus: Recipients of Vienna minimum income (Bezieher*innen von Wiener Mindestsicherung), housing assistance (Wohnbeihilfe), AIVG benefits (AIVGLeistungen), a compensatory or supplementary allowance (einer Ausgleichs- oder Ergänzungszulage), GIS-exempt persons and low-income earners (GIS-Befreite und Geringverdienende) who are covered by the cost cap of the Renewable Expansion Act, those entitled to sickness benefit (Krankengeld), rehabilitation benefit (Rehabilitationsgeld), reintegration benefit (Wiedereingliederungsgeld) or transitional allowance (Übergangsgeld).

READ MORE: EXPLAINED: How to keep energy bills down in Austria

Applications can be submitted until December 31st, 2022. The maximum subsidy amount is €500 per household.

The service telephone of the Department for Social Affairs, Social and Health Law, is available at 01/4000-8040 for information and assistance with applications. Wien Energie’s customer service also offers personal assistance with the application process at Spittelau.

SHOW COMMENTS