Inflation reverses consumption preferences: We spend half as much on clothing as we did before the pandemic

Updates

Families now allocate 36% of their consumption to housing-related expenses, compared to the 13% this item represented before the pandemic

People shopping on Preciados Street in Madrid
People shopping on Preciados Street in Madridmauricio screeki
  • Funcas panel raises its average inflation forecast by 1.5 points to 6.9% in 2022, a record since 1986

rising prices progressively affected greater area Of economy. If inflation has already taken its toll on food – despite the fact that food is a major product, with a sales decline of 1.3% by April

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The co-owner & marketing chief of "The Business News", Sravya is also good at Writing and communicating. she has good networking skills. she is really passionate about publishing quality news articles. - Thebusinessnews.org - You can reach Her at Facebook:- @sai.sravya.3910

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