(MENAFN- Trend News Agency) Veyseloglu Retail Index represents the May 2023 price index of
the most purchased products by the company's customers.
The overall cost of the most purchased products in May 2023 was
higher by 10.3% in May 2023 compared to May in
2022.
The prices of fresh/perishable products increased by 11.7%, the
prices of non-perishable (dry, bulk, frozen foods, confectionery
and soft drinks) products increased by 10.2%, and the prices of
alcoholic beverages and tobacco products increased by 6.8%, the
prices of Hygiene and Cleaning Products increased by 13.6%.
Veyseloglu Retail Index has become popular amongst financial
institutions and the expert community, as it provides a reliable
alternative source of data in measuring consumers' purchasing
power. It also aims to assist ordinary consumers in budgeting for
their monthly purchases. It is important to note that the index does not represent a precise level of
inflation.
Veyseloglu Group of Companies (VGC) is a dynamic and
multi-faceted FMCG group that encompasses various areas of the
supply chain, from production, to distribution, to logistics, to
direct interaction with customers through its supermarket chains.
VGC genuinely believes in sustainable business models, striving to
generate long-term value for all stakeholders and the local
communities.
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