According to UTG analysis, Ukrainians spend the biggest chunk of their income to survive – expenses for communal services and food occupy 80% of Ukrainian families’ budgets. Expenditures on food products (including alcohol and tobacco) for the household averages as much as 44.8%.
As for utility payments, in the 2000s, housing and communal services payments consumed 4-5% of the family’s budget. Currently, their share has increased to 18.5%.
All other expenses account for about 20%: medical services – 4.9%, transport – 4.3%, mobile – 3.7%.
Therefore, according to analysts, this leads to savings and rationalization of expenses and provokes refusal to buy non-essential goods. Such changes in consumer priorities have led to grocery stores and supermarkets now generating half of the total money in retail sales.
“Supermarkets are almost the only player who can generate forecasted turnover, and because of this, they are almost the only operator who can pay quite high rental rates – 10-20%,” UTG emphasized.