Turnover in retail trade soar in 1Q2023 according to Nielsen
Turnover in retail trade soar in 1Q2023 according to Nielsen
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Turnover in retail trade soar in 1Q2023 according to Nielsen

This growth is driven by food and beverages, both fresh and standardized.
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RE+D magazine
30.05.2023

Based on the most recent data from NielsenIQ (YTD to April 30, 2023) and having now at the end of April overcome the effect of Easter seasonality, in relation to the corresponding period last year, the organized food retail trade still is on a positive course, at + 9.1%.

However, this growth, according to Nielsen data, is still inflationary, with volumes declining, around -3.5%. 


At category level, this growth is led by food and beverages, both fresh (+8.9%) and standardized (+9.3%), mainly due to their significant contribution to the average basket of the Greek household, in relation with the categories of non-food.


In this highly inflationary environment, and based on recent findings from NielsenIQ surveys, Greek consumers seem, in the vast majority (97% of respondents), to have clearly perceived the increase in the prices of products sold through supermarkets. 


Trying to cope with this, 68% say they will cut unnecessary spending and luxuries and buy only the essentials, while 1 in 3 say they will now choose cheaper brands.