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Hungarians cut back

Low-income families in Hungary spend less on food today than two years ago to meet higher living costs from lower wages, market researcher GFk said in its latest Consumer Index report.

More than 3 million Hungarians live on subsistence wages because of high unemployment or low education. Hungarians' standard of living was steadily improving between 2004 and autumn 2008, when the global crisis broke out. 

While low-priced goods are today more sought-after than two years ago, people tend to look for sales, partly because bargain hunting is a choice more and more for city-dwellers only. (