Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Reveal Marketing Research Study: The fear of inflation...

Reveal Marketing Research Study: The fear of inflation leads Romanians to reduce consumption

May 26, 2022

In April, the inflation rate reached a record level of 13,8%, exceeding the inflation forecast projected by the National Bank of Romania for 2022. In a context characterized by lack of predictability, 58% of Romanians consider that reducing consumption is the best way to fight against financial difficulties generated by inflation. The hostile attitude towards state’s institutions acquires new valences, the government being perceived by 67% of Romanians as responsible for the inflation rate in Romania.   Romania’s inflation rate is forecast to reach 12.5% by the end of 2022, according to the latest forecast of the National Bank of Romania. However, in April, the unleashed inflation rate reached a record level of 13,8% in our country.   In this context, Reveal Marketing Research conducted a nationally representative study among urban residents, to find out what impact had the increase of inflation for Romanians.   According to the latest Reveal Marketing Research study, almost half of Romanians consider themselves informed about inflation.   42% of Romanians living in urban areas declare that they are informed or very informed about inflation. The categories of people who consider themselves less informed about this topic are the women (35%), people under the age of 35 (34%) and those with low incomes (35%). Moreover, 72% of respondents consider that the level of inflation in Romania is higher than in other countries, this being mentioned to a greater extent by people over the age of 45 (88%) and by those with high incomes (80%).   Food, fuel and utilities are the most affected categories by inflation.   Large increases in people spending to meet basic needs are the most noticeable consequences of inflation. Thus, the respondents mentioned that top-level categories affected by the price increases are food (77%), fuel (77%) and utilities (electricity, gas, etc.) (70%). They are at a significant distance from the value of the next measured product category, construction materials, which scored 17%.   Reducing consumption is perceived as the most appropriate solution to meet the financial challenges caused by inflation.   6 out of 10 respondents believe that reducing consumption could solve the problem of inflation. This solution was mentioned to a significantly greater extent by men (63%), by people over the age of 55 (71%) and by those with high incomes (65%). Another potential solution to combat the negative effects of inflation is the demand for a wage increase. Thus, 42% of Romanians living in urban areas declare that they would consider this option as well.   Young people aged 18-24 are the least willing to change their lifestyle and their consumption habits (53%), preferring to a greater extent the demand for a wage increase solution (58%).   Moreover, a quarter of Romanians also consider to emigrate in order to cope with the economic challenges brought by inflation, an alternative mentioned rather by people with low-income.   The Government and the conflict/ war situations are the main responsible for the high level of inflation.   Dissatisfaction and distrust in state institutions continue to increase and make 67% of respondents consider the government as main responsible for the level of inflation in Romania. This hostile attitude is significantly more visible in case of people over the age of 45 (77%).   Conflict or war situations are also perceived as causes of inflation (60%) and were reported to a greater extent by people with high-income (70%). The next 2 positions are occupied by the pandemic (42%) and large corporations (31%), which are mentioned more often by young people aged 18-24.   *** About Reveal Marketing Research   Reveal Marketing Research is a full-service market research company, specialized in market research, sociological studies, customer insight, business strategy, market development. With expertise in over 20 industries, Reveal Marketing Research believes that market research is the basis for the right decisions and brand positioning. Qualitative and quantitative solutions have been helping companies in Romania and Europe for 13 years.   Methodology: The Reveal Marketing Research study was conducted online between 20-26.04.2022, on a representative sample for the universe of people aged 18+, from urban areas. The sample size was 1005 respondents, and the maximum sampling error is +/- 3.1% at a 95% confidence level.

Read in full - click here
Venice Film Festival: Romanian director Cristian Mungiu, member of this year’s jury

Romanian director Cristian Mungiu will be part of the jury that will judge the films in the main competition of this year’s Venice Film Festival - Venezia 82. The jury, headed by American director Alexander Payne, includes French director and screenwriter Stéphane Brizé, Italian director and screenwriter Maura Delpero, Iranian director and writer Mohammad Rasoulof, Brazilian actress, writer, and […]

Council of Europe report: Romania among six European countries facing severe prison overcrowding

Romania continues to face significant prison overcrowding, according to the Council of Europe’s latest data, released on Friday, July 18. The 2024 Annual Penal Statistics on Prison Populations (SPACE I) show that Romania is among six countries in Europe with severe overcrowding, housing 116 inmates for every 100 available places. The report, which...

Chris Hemsworth's surprise drum performance with Ed Sheeran in Bucharest featured in new ‘Limitless’ season

Chris Hemsworth returns to Disney+ in August with a new season of the National Geographic documentary series Limitless, this time focused not just on longevity, but on discovering how to live better. Titled Limitless: Live Better Now, the three-part season follows Hemsworth through physical, emotional, and mental challenges across six countries, with one standout episode […]

Black Sea 200 Regatta 2025: First non-stop offshore regatta in Romania takes place this month

The Black Sea 200 Regatta 2025, Romania’s first non-stop offshore regatta with a 200 nautical mile route, takes place between July 21 and 27. Now in its first edition, the event brings together more than 10 boats from Romania and Bulgaria, according to the organizers. The endurance course will start and finish in the Romanian […]

Illegal zoo in southern Romania fined for environmental and animal welfare violations

The National Environmental Guard has fined an illegally operating zoo in Dâmbovița county, southern Romania, a total of RON 120,000 following a joint inspection that uncovered serious violations, including the lack of environmental authorization and inadequate conditions for wild animals kept in captivity. The zoo was reportedly charging RON 50 per person for entry and […]

Romania’s cybersecurity agency and Enevo join forces to protect energy infrastructure

The National Cybersecurity Directorate (DNSC) and engineering company Enevo Group have signed a strategic cooperation agreement to strengthen cybersecurity in Romania’s energy sector. The partnership aims to test and develop monitoring and alerting technologies for cyberattacks, and to improve national response coordination to incidents affecting critical infrastructure, the companies said. The agreement focuses on sharing […]