Swedish consumers unfazed by food price changes, spending habits unchanged.
The Swedish demand for food was analyzed from 1980 to 2011 to understand how consumers react to changes in price and spending. The study found that Swedish consumers are not very sensitive to price changes when it comes to food. Some food items are considered luxury goods, while others are seen as necessities. The structure of how consumers choose between different types of food was also examined, showing that meat is closely related to other food items, and that food can be divided into animal-based, vegetable-based, and beverage products. These findings help decision makers understand how Swedish consumers make choices about food purchases.