DYNAMICS OF CONSUMER PRICES AND VOLUME OF TURNOVER IN RETAIL TRADE OF FOOD PRODUCTS
This paper analyses the dynamics of consumer prices and the volume of turnover in the retail sale of food products in the Republic of Serbia in the period from 2006 to 2022. The focus of the research is on the impact of inflation and unemployment rates on the real volume of turnover of these produc...
Saved in:
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Naučno društvo agrarnih ekonomista Balkana, Beograd; Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt
2024-12-01
|
| Series: | Ekonomika Poljoprivrede (1979) |
| Subjects: | |
| Online Access: | https://www.ea.bg.ac.rs/index.php/EA/article/view/2358 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1846107117630521344 |
|---|---|
| author | Svetlana Sokolov Mladenović Igor Mladenović Petra Karanikić |
| author_facet | Svetlana Sokolov Mladenović Igor Mladenović Petra Karanikić |
| author_sort | Svetlana Sokolov Mladenović |
| collection | DOAJ |
| description |
This paper analyses the dynamics of consumer prices and the volume of turnover in the retail sale of food products in the Republic of Serbia in the period from 2006 to 2022. The focus of the research is on the impact of inflation and unemployment rates on the real volume of turnover of these products using multi-factor regression. The results show that inflation does not have a statistically significant impact on the real volume of turnover of most food products, while the unemployment rate has a significant negative impact. However, the exceptions are sugar-based and chocolate-based products, where price increases have a significant positive impact on turnover. This analysis provides insights into the key macroeconomic factors influencing consumer habits and market dynamics in the face of inflation and unemployment. The results of the research can serve as a basis for creating policies and strategies that will help retailers effectively manage their business in conditions of economic uncertainty.
|
| format | Article |
| id | doaj-art-290f9f4b4c324d9fbf85bc725724a3c9 |
| institution | Kabale University |
| issn | 0352-3462 2334-8453 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Naučno društvo agrarnih ekonomista Balkana, Beograd; Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt |
| record_format | Article |
| series | Ekonomika Poljoprivrede (1979) |
| spelling | doaj-art-290f9f4b4c324d9fbf85bc725724a3c92024-12-26T23:01:57ZengNaučno društvo agrarnih ekonomista Balkana, Beograd; Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, BukureštEkonomika Poljoprivrede (1979)0352-34622334-84532024-12-0171410.59267/ekoPolj24041177SDYNAMICS OF CONSUMER PRICES AND VOLUME OF TURNOVER IN RETAIL TRADE OF FOOD PRODUCTSSvetlana Sokolov Mladenović0Igor Mladenović1Petra Karanikić2University of Niš, Faculty of Economics, Square King Alexander no. 11, 18000 Niš, SerbiaUniversity of Niš, Faculty of Economics, Square King Alexander no. 11, 18000 Niš, SerbiaUniversity of Rijeka, Faculty of Biotechnology and Drug Development, Street Radmile Matejčić no. 2, 51000 Rijeka, Croatia This paper analyses the dynamics of consumer prices and the volume of turnover in the retail sale of food products in the Republic of Serbia in the period from 2006 to 2022. The focus of the research is on the impact of inflation and unemployment rates on the real volume of turnover of these products using multi-factor regression. The results show that inflation does not have a statistically significant impact on the real volume of turnover of most food products, while the unemployment rate has a significant negative impact. However, the exceptions are sugar-based and chocolate-based products, where price increases have a significant positive impact on turnover. This analysis provides insights into the key macroeconomic factors influencing consumer habits and market dynamics in the face of inflation and unemployment. The results of the research can serve as a basis for creating policies and strategies that will help retailers effectively manage their business in conditions of economic uncertainty. https://www.ea.bg.ac.rs/index.php/EA/article/view/2358inflationretailfood productsmultifactorial regressionRepublic of Serbiaunemployment rate |
| spellingShingle | Svetlana Sokolov Mladenović Igor Mladenović Petra Karanikić DYNAMICS OF CONSUMER PRICES AND VOLUME OF TURNOVER IN RETAIL TRADE OF FOOD PRODUCTS Ekonomika Poljoprivrede (1979) inflation retail food products multifactorial regression Republic of Serbia unemployment rate |
| title | DYNAMICS OF CONSUMER PRICES AND VOLUME OF TURNOVER IN RETAIL TRADE OF FOOD PRODUCTS |
| title_full | DYNAMICS OF CONSUMER PRICES AND VOLUME OF TURNOVER IN RETAIL TRADE OF FOOD PRODUCTS |
| title_fullStr | DYNAMICS OF CONSUMER PRICES AND VOLUME OF TURNOVER IN RETAIL TRADE OF FOOD PRODUCTS |
| title_full_unstemmed | DYNAMICS OF CONSUMER PRICES AND VOLUME OF TURNOVER IN RETAIL TRADE OF FOOD PRODUCTS |
| title_short | DYNAMICS OF CONSUMER PRICES AND VOLUME OF TURNOVER IN RETAIL TRADE OF FOOD PRODUCTS |
| title_sort | dynamics of consumer prices and volume of turnover in retail trade of food products |
| topic | inflation retail food products multifactorial regression Republic of Serbia unemployment rate |
| url | https://www.ea.bg.ac.rs/index.php/EA/article/view/2358 |
| work_keys_str_mv | AT svetlanasokolovmladenovic dynamicsofconsumerpricesandvolumeofturnoverinretailtradeoffoodproducts AT igormladenovic dynamicsofconsumerpricesandvolumeofturnoverinretailtradeoffoodproducts AT petrakaranikic dynamicsofconsumerpricesandvolumeofturnoverinretailtradeoffoodproducts |