Cofidis: Hungarians are planning almost 20 percent more for Christmas this year

By: Trademagazin Date: 2023. 11. 14. 12:29

Hungarians plan to spend an average of HUF 118,000 on holiday expenses this year, which is almost 20 percent more than last year – this was revealed by representative research by Cofidis Credit Monitor.

According to the statement sent to MTI on Tuesday, those who give gifts are thinking in terms of HUF 47,000. The Christmas tree will not be smaller, and according to the research, Hungarians insist on big holiday baking and cooking even in the face of financial difficulties.

Compared to last Christmas, the proportion of those who plan to cover the holiday expenses from their current monthly income has increased from 56 to 65 percent, 40 percent finance the necessary amount from savings, and 7 percent from loans.

Half of Hungarians are thoughtful, they think in advance about who they want to buy what for. The majority of gift givers storm the stores in November, but the Cofidis Credit Monitor research reveals that 17 percent of them started shopping in October or before. The top list is still led by cosmetics (31 percent), clothing (29 percent) and branded drinks and food (28 percent). Small kitchen appliances are becoming more and more popular again, 13 percent are thinking about this category.