Food retail turnover increased by 5 percent in value

Retail revenues increased by 5 percent, to about 1,370 billion HUF in the 90 food categories measured by Nielsen between  December 2011 and November 2012, compared to the previous year's comparable period. The volume of traffic remained unchanged.

– The average price of food products have increased but people are not buying less. One major reason is that the majority of Hungarian consumers switched to cheaper food products last year – said Melisek Eszter, Nielsen’s Client Service Director. – In last year's third quarter, Nielsen revealed that 85 percent of respondents of the survey changed their spending habits compared to the previous year because they want to save money. 67 percent of them are trying to buy cheaper food. Products, 64 percent of them use less household energy, and 53 percent spend less on new clothes than a year before.