Lower Inflation May Help Retail Volume In Hungary
- 12 Apr 2013 9:00 AM
Retailers are pinning their hopes on the slowing inflation rate, which could help retail volume to remain flat or even add a slight gain, Retail Association chairman György Vámos told Napi Gazdaság. While lower inflation is an incentive for buyers, he remarked, a question remains over how much of the expected real wage increases will be spent.
He noted that retail sales volume was lower than expected in the first two months of the year.
Vámos argued that household spending will be curbed by higher energy bills, due to the unseasonably cold weather.
Economic growth is needed if consumer spending is to rise, he added.
Source: Hungary Around the Clock
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