The rise in the price of food is pulling down the shopkeeper’s balance
According to checkout data, we left 6.3% less money in store cash registers in May than a year earlier. Thus, with a 10% decline in volume, April was the low point. The drastic rise in food prices in May, on the other hand, will delay the recovery, so some modest growth is expected on an annual basis only in the best case scenario.
The online cash register data, which are recently published by the statistics, indicates that the Hungarian shop world is still reviving, albeit slowly. According to statistics from an online tax authority measured almost to the end of May (up to 26), the amount of money left in the cash registers of shops decreased by 6.3% compared to the previous year (based on online cash register data). This is thus a current price figure, without the addition of web stores, but so it is already certain that April was the lowest point in the shop world, with a 10% low flight (in volume, based on an unadjusted index).
Related news
The rise in food prices has fallen, and no significant increase in prices is expected until the end of the year
In the past two years, consumers in Hungary experienced a…
Read more >Digital natives drive shift in consumer behaviour
The Asian market is witnessing a transformation in the retail…
Read more >The KSH starts an agricultural census
The Central Statistical Office (KSH) started the agricultural census of…
Read more >Related news
Why are parcel locker providers getting stuck? This data points to the reasons
Parcel terminals are becoming increasingly popular: this year, nearly three-quarters…
Read more >Sustainability and health: the rise of plant-based dairy products in Hungary
In recent years, plant-based dairy alternatives have gained significant popularity…
Read more >Milk and dairy products are becoming more expensive: what is behind the price increase?
The price of milk and dairy products has increased significantly…
Read more >