NEWS15 November 2022
All MRS websites use cookies to help us improve our services. Any data collected is anonymised. If you continue using this site without accepting cookies you may experience some performance issues. Read about our cookies here.
All MRS websites use cookies to help us improve our services. Any data collected is anonymised. If you continue using this site without accepting cookies you may experience some performance issues. Read about our cookies here.
UK – More than half of British consumers feel that price inflation has negatively impacted on their finances, with 17% facing serious financial problems, according to research from DVJ Insights.
The research, which is a follow up to a price study carried out by DVJ Insights in June, found that the majority of people’s budget cuts had come from ordering food and clothing purchases.
In the past four months to November, 48% of consumers had reduced food orders, such as takeaways, and 31% anticipated further cuts to spending in this category.
In terms of groceries, more than half ( 57%) are using savings programmes, purchasing cheaper options ( 52%) and switching retailer ( 56%).
British citizens claimed to be worried, scared and anxious due to the current economic situation, and 18% said they felt like victims of the crisis.
The research is based on a study of 3,337 people across the UK, Germany, the Netherlands, Sweden, Norway and Denmark.
There were differences noted in the nations’ approaches to inflation, with Norwegians and Danes categorised as “pragmatic savers”, whereas the Dutch were viewed as more “leisure activities savers” and in Germany, more consumers were reducing their spending on areas like leisure activities, electronics, sports and gifts.
In the UK, consumers were delaying unnecessary purchases, especially appliances, home improvements, holidays and clothing, with 22% planning to spend less on gifts and sports.
Price inflation has a significant impact on close relationships with partners, family and friends, according to DVJ Insights, with the number of “socially strained” people in the UK up by 10% in the past four months to 21% overall.
Newsletter
Sign up for the latest news and opinion.
You will be asked to create an account which also gives you free access to premium Impact content.
In a new series exploring how research leaders manage work and life, Research Live hears from Guy Goodwin, chief ex… https://t.co/zuqLKnAyJ3
With the beginning of a new year, it is time to dust off the reading list. Marie Hense of @TolunaCorporate recommen… https://t.co/Nbb8PUbqtj
Ipsos India reshuffles marketing and operations teams https://t.co/hgscr5zKWv #mrx #marketresearch
The world's leading job site for research and insight
Resources Group
Associate Director – Top International Clients – Insight Consultancy
£50–60,000 + strong benefits
Resources Group
Qualitative Associate Director – Gaming, Tech & Telco – Boutique Agency
£45–£60,000 + good benefits
Guide Dogs for the Blind
Insight Officer
£28,988.00–£35,199.99 subject to experience
Featured company
Town/Country: London
Tel: +44 (0)20 7490 7888
Kudos Research are leading providers of premium quality UK and International Telephone Data-Collection. Specialising in hard to reach B2B and Consumer audiences, we achieve excellent response rates and provide robust, actionable, verbatim-rich data. Methodologies include CATI, . . .
@TweetMRS #inclusion Pledge: https://t.co/sB30M7Bfsh The pledge has already been signed by 94 companies . But we… https://t.co/LjmQPASCtk
The post-demographic consumerism trend means segments such age are often outdated, from @trendwatching #TrendSemLON
0 Comments