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Household consumption to rise next year despite rising prices, study shows

The annual purchase frequency of families this year will be 240 to 250 times. | Font: Andean

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Food consumption will increase in volume by about 1% by the end of this 2022, according to a report from the Kantar Worldpanel division.

This increase will be driven mainly by this quarter’s results, especially the increase in sales that the general of the 2022 World Cup in Qatar.

It is estimated that only between October and December consumption will grow by more than 2%, reaching the best indicators of the year.

“The baskets that are growing the most and will continue to grow are related to the social activities that are created as part of this sporting event, such as drinks, food, sweets, snacks, cheeses and sausages,” Francisco said. Luna, regional consultant manager, newspaper Gestión.

But what are the forecasts for next year? The consultant points out that progress will be better despite rising prices, which worries 81% of households.

As indicated, in 2023 consumption at home it will increase in volume to 2% as families continue to look for ways to maintain their shopping habits.

“During the pandemic, households are accustomed to buying more categories of goods due to longer stays in their homes, and in order to maintain them, they are looking for a balance between finding the best channel and format,” Luna notes.

He also adds that families are very rational and careful about what they spend.

Source: RPP

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