New data show that household budgets are coming under pressure as grocery price inflation reached its highest level since October 2020 at 1.7% in the 12 weeks to January 23. The data from Kantar show that the number of products being sold on promotion has dropped by 3% compared with last January. Kantar also said…
Tag Archives: consumer patterns
Covid-19 has undoubtedly changed many aspects of our lives, some of which we would hope to return to as soon as the clouds of the pandemic lift. However, there are some areas where our habits may have shifted permanently and are unlikely to revert completely to the old ways. One example is our relationship with…
New figures show that the value of the grocery market declined by 5.2% to €3.1 billion during the 12 weeks to December 26 as the market faced a tough comparison against record sales in 2020. But Kantar said that sales have grown by 10.9% compared to the same time in 2019. A total of €1.1…
Spending in bars rose 8% in December, despite the curbs put on socialising by Government Covid-19 restrictions. But the increase in hospitality spend also coincided with a massive jump in the amount spent on testing laboratories during the month, the figures from Revolut show. Spending on Covid testing by users of the online banking platform…
New car registrations for 2021 were up 19%, according to statistics published by the Society of the Irish Motor Industry. Total new car registrations for 2021 finished at 104,932. Registrations were down 10.4% on 2019 figures. New Light Commercial Vehicle registrations in 2021 saw an increase of 32.3% compared to 2020. They were also 13.4%…
The introduction of minimum pricing on alcohol in Ireland came into force today. The new law will largely affect alcohol sold in off-licences, shops, and supermarkets. A broad breakdown of the new measures shows a standard bottle of wine cannot be sold for less than €7.40 and a can of beer for less than €1.70….
Christmas parties have been cancelled but employers who can afford to are still marking the festive season by giving employees a Christmas bonus. The practice of paying bonuses as a reward to staff for their contribution to the success of the business during the previous year, is a tradition that is very much welcomed by…
Up to €5.4bn could be spend by consumers this Christmas, Retail Ireland has predicted. This works out at around €832 per household, the organisation claimed, and represents a 5% increase on what was spent last year. In total, the Christmas spend will be €1.58bn more than is spent during the other months of the year….
Consumer and business confidence dropped this month, amid rising Covid cases and Brexit setbacks. That is according to the latest Bank of Ireland Economic Pulse, which has fallen to its lowest reading in eight months. The survey gathers the views of households and businesses on topics such as finances, spending plans, house prices and business…
The UK’s exit from the European Union means it no longer benefits from the single market. Its exports, excluding those from Northern Ireland, now face taxes like any other goods imported in to the EU from other parts of the world. 88% of online shoppers buy from non-Irish sites – PayPal The study involving more…