Spending on basics is down for the first time in many years

For the first time in decades, consumption of basics, such as food, household goods and cosmetics, fell in 2012 by 0.6%, according to a survey by leading research company Nielsen.

The reasons given for this decline are the crisis, reduced immigration and rising prices.

In 2012, household spending on such products was €70.700 million, which is a 0.6% increase on the previous year. So, people are buying less but it is costing them more due to all the price increases.

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