Nielsen: food retail trends in the second quarter

The Hungarian food retail turnover remained unchanged in the second quarter of this year, compared to the comparable period of the last year. The main reason is that the pace of price increases slowed. At the same time, sales volumes decreased by 2.8 percent, while the average of the examined 21 European countries was minus 1.5 percent – the “Growthreporter” international quarterly analysis of the Nielsen consumer information and knowledge services company shows.
 
In Hungary average prices rose by 2.6 percent in the second quarter, Nielsen registered higher price increases in eleven countries. The highest price increses were measured in Turkey (8.4 percent), Finland (6.0) and in Austria (3.8).

The average prices have not changed in Poland, among the 21 studied countries; decreased in Greece and Norway and increased in eighteen countries including Hungary. The pace of price increases slowed in several places.