Consumer behaviour is being shifted due to new price hikes
Consumer behaviour is being shifted due to new price hikes

Consumer behaviour is being shifted due to new price hikes

The report unveiled that spending on groceries remained below the previous decade's levels.
RE+D magazine
18.10.2021

Spending on food grew in 2020 compared with 2019, the Research Institute of Retail Consumer Goods said in a report released on Monday.

The report, based in recent official statistics, said that household spending on food grew 3.88% to €3,481 per household in 2020, from 3,351 in 2019.

The increase was biggest in spending on alcohol (17.76%) and household cleaning items (detergents, paper, etc) up 11.24%, while spending on personal care fell 9.51% and restaurants dropped 33.45%.

In total, spending on food, including food purchase and consumption in restaurants, fell 7.22% to €5,083 in 2020.

In the decade 2009-2020, household spending on food and beverage was down 10.28%. In the 2016-2019 period, per capita spending on food and beverages grew 3.83% to €1,388, while in 2020 spending grew 8.36% to €1,449.

The report unveiled that spending on groceries remained below the previous decade's levels, but spending as a percentage of total household purchases rose. In 2009, spending on food accounted for 17.3% of average household spending, rising to 23.1% in 2020.