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Veyseloglu Group of Companies presented its retail index for 2021

Economy 19 January 2022 13:32
Veyseloglu Group of Companies presented its retail index for 2021

Veyseloglu Group of Companies (VGC) has published a report that shows the dynamics of price changes for the most purchased goods (products) at retail outlets belonging to the group. This dynamic is summarized in what is known as ‘Veyseloglu Retail Index’ (VRI). According to the latest report, prices for January-December 2021 increased by an average of 6.3% compared to the same period of the year before last, 2020.

The Veyseloglu Retail Index is published monthly (usually on the sixth business day of each month). The index caused interest among the expert community and financial institutions, as it provides an additional tool to measure the dynamics of changes in the purchasing power of consumers. For ordinary consumers, the index helps to plan their monthly budget for purchases of essential goods.

The VRI shows the change in the overall price level of the most purchased goods in retail outlets belonging to the Veyseloglu Group of Companies over the past 24 months. It is important to note that the VRI does not indicate a precise level of inflation.

Veyseloglu Group of Companies is a progressive 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 that sustainable business models and constant innovation to ensure efficiency are not just trendy subjects for a public discourse, but rather the only viable way for economic growth. Its companies have people and consumers at the heart of their business philosophy.

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