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Hungarian owners are paying 33% more in pet care than 5 years ago
A new survey unveils how much pet parents are paying each year for their dogs.
A new survey unveils how much pet parents are paying each year for their dogs.
Financial service company Cofidis has investigated pet consumer and ownership habits in Hungary and found that dog owners spend HUF12,000 ($33.78/€31.09) per month on food.
Pet care and veterinary costs are around HUF47,000 ($132.32/€121.75) per year. Compared to their 2018 survey, Cofidis' most recent results mark an almost 33% increase in pet expenses.
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.
Source: GlobalPETS
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