Shelf with vegetable oil in a Greek supermarketATHENA, Apr 18 Greeks sharply reduce purchases in stores almost half of Greek consumers reduced their purchases in supermarkets in the first quarter of 2022, and eight out of ten consumers bought manufactured goods, the Athens News Agency (AMNA) reports, citing the results of a public opinion survey conducted by the consulting company Netrino. The study was conducted from March 24 to March 30, 2022, and 407 people were interviewed by simple random sampling in major urban centers of the country (Athens, Thessaloniki, Patras, Larisa and Heraklion).
Bread prices skyrocket in GreeceAccording to a Netrino study, regarding shopping in supermarkets, in percentage terms, 47.5% of those surveyed said that they reduced their purchases «a lot or quite a lot», 25% reduced purchases «a little» and 27% «did not cut at all». The largest decline in the markets is observed in Larisa (54%) and Patras (51%). According to the profile of respondents, «strongly and quite strongly» reduced their purchases in supermarkets in the first quarter of the year, mainly women (50%) and people over 45 years old (51%). By marital status they are divorced (50%) or widowed (69%) and have children (48%). They also have lower education (65%) and are mostly unemployed (66%) or housewives (55%). src=»/wp-content/uploads/2022/04/617cdf3f819f7a785236b2dd7671cab2.jpg» />Germans warned of further price hikesThe study shows that 43% of households have enough family income for necessary purchases, 30% have only enough for the necessary and then with difficulty, and 12% declared that it is impossible to buy even the necessary. Only 15% of households declared sufficient income remaining for savings. According to the study, in the first quarter of the year, clothing/footwear purchases reduced «a lot and quite a lot» eight out of ten (81%) consumers. 10% of respondents reduced their purchases «slightly», only 9% of respondents answered «not at all». In Athens and Thessaloniki, the decline ranged from 80% to 84%, with the smallest decrease (66%) in Heraklion.Furniture prices skyrocket in UK due to wood embargo from RussiaThe blows to household budgets and markets from rising prices show that Greeks are forced to limit even the purchase of essentials to cope with rising prices, the study says. decrease in purchases in supermarkets. There is a huge downturn in the consumer markets for essentials, food and household items,» said Stefanos Komninos, market analyst at Netrino. In terms of buying clothes/shoes, «the situation is dramatic,» he said. touched the very basics of essentials. In other words, consumers are buying only the most necessary things, and then discreetly,» the analyst said. years. The highest price increase concerns energy: the cost of electricity increased by 79.3% compared to March 2021, and gas by 68.3%. Consumers paid 19.9% more for vegetable oil, 13.6% more for vegetables, 7.6% more for bread and 6.4% more for meat.
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