Retail food sales to stay steady in coming months: IERIGŻ
13:35
The current pace of retail food sales is likely to remain steady in the coming months, according to experts of the Institute of Agricultural and Food Economics (IERiGŻ).
In January-August, compared to the same period in 2015, retail sales of food, beverages and tobacco products rose 4.8 percent, while total retail sales were up 5.2 percent.
“We can assume that the growth recorded in January-August in retail food sales will continue in the next few months. Rising demand for foodstuffs will be supported by the expected improvement in people's incomes, the fall in unemployment, improving consumer attitudes, and the government's “Rodzina 500 +” program. The one factor that could slow down demand is a rise in retail prices of foodstuffs,” IERiGŻ stated.
