Veyseloglu Group of Companies (VGC) has published its monthly retail index for October 2022 which stands at 115,2%. The index represents the dynamics in the overall price level of the most purchased products by the company’s customers over the past 24 months. It is important to note that this index does not represent a precise level of inflation.
Veyseloglu Retail Index has become popular amongst financial institutions and the expert community, as it provides a reliable alternative source of data in measuring consumers’ purchasing power. It also aims to assist ordinary consumers in budgeting for their monthly purchases.
The overall cost of the most purchased products in October 2022 was higher by 19,9% compared to October 2021. The prices of fresh/perishable products increased by 19,9%, the prices of non-perishable (dry, bulk, frozen foods, confectionery and soft drinks) products increased by 22,1%, and the prices of alcoholic beverages and tobacco products increased by 7,4%.
Veyseloglu Group of Companies (VGC) is a dynamic 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 in sustainable business models, striving to generate long-term value for all stakeholders and the local communities.