YouGov 2023 retail white paper highlights the effects of inflation on consumers

YouGov 2023 retail white paper highlights the effects of inflation on consumers

The report also explores the products and services that are showing increasing price sensitivity in the past six months.

Food related products rank in the top four most price sensitive categories with groceries being the top concern for more than two in five UAE consumers (44 percent). A similar proportion (41 percent) is conscious of the price of clothing/ shoes. Around a third have been concerned about the cost of mobile phones (35 percent) and take-out food (31 percent). Air travel (30 percent) and electronics (29 percent) fall within the next tier of price sensitive categories, along with utilities (27 percent), car/vehicle (26 percent) and medicine & healthcare products (25 percent).

Despite experiencing a change in disposable income, consumers seem confident about their future spending and are likely to increase their spending in most of the listed categories.