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Peruvians with lower incomes spend at least 45% of their spending on food.

Most low-income families buy food from traditional markets. | Font: Andean

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Over the past two months, inflation in Peru has slowed down, but prices for the population are still high, which mainly affects low-income families.

Currently Socioeconomic Segments (SSE) C, D and E Juveniles incomeallocate 45% of their total spending on food consumption, according to the Apoyo Consultoría report.

Level C alone uses 45% of their monthly resources for food, of which 34% is used for eating at home and 11% for eating out. In addition, 10% goes to transport and 46% to other expenses.

In NSE D, families spend 52% of their income in food: 39% in food at home and 13% in food out.

While Segment E spends 56% of their money on food, 42% of that is at home and 14% away from home.

Research shows that products that at home spend more chicken, meat, eggs, rice, potatoes, sugar, flour, bread, noodles and butter. These 10 products alone account for 58% of average Peruvian household food spending.

It is even estimated that households in the D and E segments spend more than a quarter of their total spending on these 10 items.

What should families do in the face of rising prices?

According to Support Consulting, 25% at home of SSE D and E noted that some of the items on which they adjust their consumption the most are “certain foodstuffs” and “basic household services”.

At the same time, it is indicated that 25% of households with fewer resources adjust their consumption of sugar (25%), butter (20%), rice (15%) and chicken (11%).

These products of which there has been strong growth in recent months. For example, according to a management report: “Today the price of oil reaches 12.40 shillings per liter bottle, for chicken 11 shillings per kilogram, for sugar 3.94 shillings per kilogram, and for rice up to 3.27 shillings per kilogram” . .

Source: RPP

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