Food inflation affects bank card spending too

A report by K&H reveals that the more than 40% food inflation has had an influence on bank card spending as well: last December shoppers with a K&H card purchased food for HUF 32.2bn, while one year earlier this sum was HUF 22.2bn. In December 2022 the average spending per food transaction was HUF 5,300, 4% less than the HUF 5,530 measured in the same period of the previous year. K&H’s report shows that for the whole of 2022 buying food with bank card payment meant a HUF 4,964 spending, which was 13% less than in 2021. Bank card holders spent HUF 58.5bn in drugstores last year.