Household spending on food, non-alcoholic beverages above EU avg
In 2019, households in Hungary spent 17.3% of their total consumption expenditure on food and non-alcoholic beverages, according to data released by statistical agency Eurostat.
In the EU as a whole, household spending on food and non-alcoholic beverages reached EUR 956 billion in 2019, accounting for 13% of total consumption expenditure. This made food and non-alcoholic beverages the third-largest category of household expenditure after housing, water, electricity, gas and other fuels, which accounted for 23.5% of household expenditure, and transport (13.1%).
The share of expenditure on food and non-alcoholic beverages was higher than 20% in Romania (26%), and Lithuania (20.2%). The third highest share was registered in Estonia (19.3%).
In contrast, the share was less than 10% in three member states: Ireland (8.6%), Luxembourg (8.9%), and Austria (9.7%).
Food expenditure in Hungary up between 2009 and 2019
Between 2009 and 2019, the share of total household expenditure on food fell or remained stable in most member states. However, there were seven EU members which registered an increase over the period. The largest increase was recorded in the Czech Republic (from 14.2% in 2009 to 15.5% in 2019, +1.3 pp), followed by Slovakia (+1.1 pp), Hungary (+0.5 pp), and the Netherlands (+0.4 pp).
The largest decrease was recorded in Lithuania (from 25.4% in 2009 to 20.2% in 2019, -5.2 pp), followed by Malta (-3.5 pp) and Poland (-3 pp).
Hungary Gasoline Prices 3% Over Regional Avg
Hungary to Address Future of Cohesion Policy During EU Presi...
Cordia’s Marina City Project Begins
Budapest Airport Wins 'Best Airport in Eastern Europe' for 1...
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
