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    Central Asia

    Uzbekistan residents spend almost half of their income on food

    Uzbekistan residents spend almost half of their income on food

    According to a study by Euromonitor International, almost half of the budget of Uzbekistan's residents, 46.5%, is spent on food.

    Uzbek currency
    Source: Daryo

    Kazakhstan citizens spend 49.4% of their income on food, the highest in Central Asia.

    Nigeria now leads in the income spent on food, with residents paying 59%.

    The USA (6.7%) and Singapore (8.4%) have the cheapest food in the world.

    The study also found that 3 out of 4 consumers are worried about daily expenses.

    https://lp.euromonitor.com/infographic/cost-of-living-crisis-2023/
    A primary implication of the cost-of-living crisis is reduced consumer confidence due to tighter budgets and weaker discretionary spending power.

    As per the United Nations Food and Agriculture Organization (FAO), food prices have risen globally due to climate change, supply chain disruptions caused by the COVID-19 pandemic, and increased demand from growing populations.

    Follow Daryo's official Instagram and Threads pages to keep up to date on world news.

    21.08.2023, 12:20   Comments (0)   1757
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