cyprus shoppers — cyprus shoppers — Shoppers in Cyprus could save up to €66.91 on a basket of everyday household goods by opting for lower priced alternatives within the same supermarket. This finding comes from a recent survey conducted by the consumer protection service.
Cyprus shoppers: Significant Savings Identified
The research, released on Monday, examined the prices of 60 basic household products across four major supermarkets. It revealed that by being more selective, consumers could achieve savings ranging from 26.56 to 35.95 per cent, depending on their purchasing choices.
Price Variations Across Supermarkets
In one supermarket, the cost of the cheapest basket was €171.05, starkly contrasted by the most expensive option at €232.55, leading to a difference of €61.50. Another supermarket displayed a €65.60 gap, while the most significant difference recorded was €66.91, with baskets priced at €187.62 and €254.53 respectively. The smallest spread was €43.49, where the cheapest basket cost €163.74, and the priciest reached €207.23.
Monthly Savings Potential
The consumer protection service estimates that households making similar purchases weekly could save between €174 and €268 monthly by consistently choosing lower priced products without sacrificing quantity or essential items.
Smart Shopping Strategies
Consumers are encouraged to explore private label products and other economical options within the same category, as these can be reliable alternatives that do not compromise quality. The service emphasised the importance of comparing prices before shopping, highlighting that market research acts as a crucial savings tool in today’s challenging economic climate.
Commitment to Ongoing Monitoring
The consumer protection service has pledged to continue monitoring prices and supplying information that enhances market transparency. This initiative aims to empower consumers to make well-informed purchasing decisions, especially as the cost of living continues to rise and impact household budgets.
