"Although
economists are talking about the peak of inflation, food market experts are
shaking their heads - inflation is still catching up with some goods and prices
may rise. The amounts shown on the labels can decrease only under one condition
- if the prices of raw materials and energy do not continue to rise
Buyer behavior is
changing
According to
Arūnas Vizickas, the manager of the price comparison portal
"Pricer.lt", due to the fact that the prices on the store shelves are
increasing, the producers who felt the inflation strongly contributed. The
prices of raw materials and energy have increased for them, wages have also
increased, and they were not sure whether they would be able to get all the raw
materials at all.
Therefore, they were
the first to increase the prices, and the merchants, applying markups, inflated
the amounts even more. "And from that, traders won the most, the most
euros were collected from food products, and in second place - the state,
collecting value added tax (VAT).
But the idea of
a welfare state should not mean that the government wants to collect more
taxes. It should think about serving the public, take as much money as is
needed to perform the service, and invest the rest in making the country more competitive
and efficient," said A. Vizickas.
He
noticed that due to the increased prices, residents are beginning to give up
something, such as sweets. Some start looking for cheaper alternatives, choose
cheaper private labels of retail chains or hunt for promotions.
"In the
United Kingdom, it is already noticeable that residents, after seeing at the
cash register that the amount exceeds the psychological limit, decide to refuse
one or another item and stop taking it.
In Lithuania, we
don't often see this yet, although at the cash registers sometimes you see
piles of goods that may have been abandoned. Maybe people in Lithuania will
start to behave like this", he thought."
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