Household spending on food, home improvement up 10% in 2020
Household spending on food and home improvement rose around 10% in 2020, according to data compiled by the Central Statistical Office (KSH).
Consumption expenditures per capita of households on food and non-alcoholic beverages rose 9.9% to HUF 357,500, according to the data.
Per capita spending on furnishing, household equipment, and routine maintenance increased 10.4% to HUF 63,700. Health expenditures climbed 9.9% to HUF 74,200.
The impact of the pandemic was evident in several spending areas. Spending on culture and recreation dropped 8.9% to HUF 88,900, and expenditures on catering and accommodation fell 17.6% to HUF 52,400. Spending on clothing and footwear slipped 7.2% to HUF 51,800.
Expenditures on communication rose 8.4% to HUF 101,200. Headline consumption expenditures per capita of households increased 2.8% to HUF 1.369 million in 2020.
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