Thee decline in the Hungarian food retail market has been stopped

According to Nielsen market research company's analysis of twenty European countries, the Hungarian food retail sales volume of goods remained stable in the first quarter of the year compared to last years similar period.

However in eleven European countries the volume of traffic has been decreased. In Ireland, for example by 5 percent, by 4 percent in Slovakia and 2 percent in the Czech Republic and France. In the scanned twenty countries there is an average of 0.5 percent increase in the food retail market of food, cosmetics and household chemicals in the first quarter of the year compared to last years’ first quarter. Similarly, a low increase was characterized in the last four quarters. The sales volume was most affected by the inflation of last year’s end and of the beginning of 2009 – states Nielsen’s study. Price reduction was blocked by The fluctuations in currency exchange in several countries, including Hungary, Norway, Great Britain and Sweden. Nielsen registered the highest average price increasing which was 5 percent in countries like Hungary, Finland, Norway, Great Britain and Sweden. However, in Portugal, the average price decreased by 2 percent and in Spain, the index stayed 0 percent.