Pork consumption increased as a result of VAT cuts
Pig meat consumption increased by about 2.2 kg per capita in Hungary per person according to the data of the Central Statistical Office (KSH). The increase in consumption is mainly due to the VAT cuts.
Fazekas Sándor said: as a result of a 10 percent increase since 2016, pork consumption is an average of 23 to 25 kilograms. This growth can also be linked to the increasing income of the population and the increase in minimum wages. (MTI)
Related news
There is already lab meat that is just like the real thing
South Korean researchers have developed a pioneering method for the…
Read more >Rough numbers have arrived: Hungarian pork exports have skyrocketed
The export of Hungarian live pigs increased significantly, by 58…
Read more >The processing sales price of chicken breast decreased by 15 percent
Based on data from the KSH, Hungary’s poultry meat exports…
Read more >Related news
VOSZ Barometer – 2024. II. quarter: mandatory optimism or real growth?
The perception of inflation is still present in domestic companies,…
Read more >Fidelity: Three themes shaping investments in Q3
Has the post-epidemic normalization that we have been waiting for…
Read more >Large companies are resistant to economic uncertainty
Restrained expectations characterize the domestic corporate sector for the next…
Read more >