Financial service company Cofidis has investigated pet consumer and ownership habits in Hungary and found that dog owners spend HUF12,000 ($33.78/â¬31.09) per month on food.Â
Pet care and veterinary costs are around HUF47,000 ($132.32/â¬121.75) per year.
Compared to their 2018 survey, Cofidis’ most recent results mark an almost 33% increase in pet expenses.Â
According to Euromonitor, Hungary saw the most significant rise in pet care product prices in Eastern Europe (22%).
40% of Hungarians own a dog
The survey, carried out in October 2023 with a 500-participant sample size, found that 4 out of 10 Hungarians have a dog at home.
50% of Hungarians think it is easier to interact with others with a dog, 55% believe that life is better with a pet and 67% say that a dog reduces loneliness.
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