CPG research: Even those who didn’t last year are saving today

The Hungarians’ sensitive reaction to the pressing economic effects is the most striking in the region: 41 percent of them reported that they had reduced their costs. This is almost double the results of a year ago (22%). For Czechs, this year’s figure is 22% compared to last year’s 15%, for Poles 28% (20% last year), and for Slovaks all 25% (21% last year). Thus, it can be said that the others – especially the Czechs – feel less exposed to the inflationary effect.

The answers show – and this proved to be true for Hungary and the other countries as well – that people feel the need for more restrained spending less and less because of the fear of a protracted war, but more because of the pressure exerted by inflation. The data show that 58 percent of Hungarians named inflation as a direct cause and only 15 percent the war.