Food traders felt the greatest consequences of inflation

A real drop of 6 percent was recorded in turnover for food retailers, despite nominal growth of 8 percent

by Sead Dedovic
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Food traders felt the greatest consequences of inflation

As a result of inflation, sellers as well as buyers are faced with huge problems. Neither party is going to be able to avoid the problems, but it seems that it is the sellers that will have the most problems. Retail sales in Germany are being hard hit by consumer restraint caused by inflationary pressures, with retailers reporting a real drop in turnover of 5% in the first half of 2023, according to the German Statistical Office.

Annual turnover increased by 4 percent without inflation weights. According to well-known German media, this difference indicates an increase in retail prices, or inflation. A real drop of 6 percent was recorded in turnover for food retailers, despite nominal growth of 8 percent.

During these times, they are disappointed and do not know what to do. As far as inflation has been concerned, food prices have been the strongest source of inflation over the past few months. Food retailers have consistently reported a real decrease in earnings of about 6% on a month-to-month basis, according to statisticians, in the last two years.

Attempts are being made to find a solution, but so far no solution has been found. For both sides of the equation, inflation creates a lot of problems. As a result of the increased price growth, buyers are trying to save as much as possible.

Inflation is a major concern for the residents of the whole of Europe and the world as a whole.

Online trade

It is also worth noting that inflation has had a huge impact on online trade in the last few months as a result of which online trade has experienced a big decline.

Clearly, there were no expectations of this outcome on the part of the online retailers. Meanwhile, there are others who make a profit, such as those who sell clothing, shoes, and other items. A growth of 8% was recorded by them.

It appears that there have been more people who have suffered losses than gains in recent years, but there is nothing else that can be done other than to accept this fact.

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