Sunday, April 30, 2023

Survey: Greek Inflation Hits Online Supermarkets

Greek Inflation Hits Online Supermarkets

Inflation in Greece has hit online supermarkets too, a new survey revealed.

Similar to the trend in physical supermarkets, online supermarket basket is shrinking as price increases force consumers to order fewer products, the Kathimerini newspaper reported on Saturday, citing a recent survey by Convert Group.

Hence, the share of private label products is increasing.

According to the survey, the turnover of online supermarkets in the first quarter of 2023 was €76 million ($85 million), 10% more than the first quarter of 2022.

However, it pointed out, this increase was mainly caused by the price increases, noting that the number of products that consumers purchase is on a decline.

“Compared to last year, the number of items in the average basket decreased in January-March 2023 by 10%,” it said.

No comments:

Post a Comment

ethnologia news only

Blog Widget by LinkWithin