Food consumption patterns and trends in response to inflationary pressures

Molnár László és Hajdu Noémi (2024) Food consumption patterns and trends in response to inflationary pressures. Prosperitas, 11 (1). pp. 1-13. ISSN 2786-4359 (Online)

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Abstract

Food prices have increased significantly in Hungary over the past year due to rising inflation. Price changes are crucial in shaping consumer behaviour and purchasing decisions. Supply chain disruptions, rising energy prices and extreme weather conditions have also had an adverse impact on prices. Another factor in the unfavourable situation was the distorting effect of the “price cap” (a government-imposed ceiling on the price of certain products) applied in Hungary. Based on an extensive and representative survey conducted during the autumn of 2022, this study presents the examination of trends in the food purchasing habits of the above 18 years of age population of a county of Hungary. The findings have confirmed a decrease in both supermarket visits and the level of consumption of fresh products including vegetables, fruits, dairy products, and baked goods due to high inflation and rising food costs. Additionally, there has been a noticeable shift towards shopping at discount supermarkets, accompanied by a decline in both bulk and small purchases. As spending on food has increased by over 40%, consumers are increasingly mindful of their spending.

Tudományterület / tudományág

társadalomtudományok > közgazdaságtudományok

Intézmény

Budapesti Gazdasági Egyetem

Mű típusa: Cikk
Szerző publikációban használt neve:
Publikációban használt név ORCIDMTMT szerző azonosító
Molnár László0000-0003-1902-6553
Hajdu Noémi0000-0002-9288-6907
Kulcsszavak: food price increase, inflation, business performance, product group
Felhasználó: Eszenyi-Bakos Kinga
A mű MTMT azonosítója: 34215561
DOI azonosító: https://doi.org/10.31570/prosp_2023_0079
Rekord készítés dátuma: 2023. Dec. 04. 11:05
Utolsó módosítás: 2024. Jún. 04. 13:12
URI: https://publikaciotar.uni-bge.hu/id/eprint/2194

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