Analysts: consumption may have significantly dragged GDP growth in the first quarter

By: Trademagazin editor Date: 2022. 05. 04. 11:30

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In addition to wage increases at the beginning of the year, one-off benefits paid in February, low base data and gasoline tourism also contributed to inflation expectations in March, according to MTI analysts.

Household consumption has taken its toll on economic growth in the first quarter

According to a report by the Central Statistical Office (KSH) published on Wednesday, the volume of retail trade turnover in March was 16.2 percent higher than a year before. The turnover in food and food-type mixed stores was 0.2 percent higher, essentially the same as in March last year. (MTI)