Food: Greek retail trade turnover at +9.1% in first 4 months – Turn to the private label

68% of consumers say they will cut unnecessary expenses and luxuries and buy only the essentialsOrganized food retailing continued its positive course during the four months of 2023, based on the latest data from NielsenIQ and having now overcome the impact of Easter seasonality at the end of April. Compared to the corresponding period last year, organized food retail increased by +9.1%, however this growth is still inflationary, with volumes declining, around -3.5%. At category level, this growth is driven by food and beverages, both fresh (+8.9%) and standardized (+9.3%), mainly due to their significant contribution to the average basket ...

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