
Price increase: 51% of Congolese for readjusting spending
Target SARL conducted a quantitative survey at the national level to perceive the Congolese's attitude towards the price increase observed throughout the country. The study was conducted from September 28 to October 8, 2022, with a sample of 1,540 people in 8 selected geographic areas (Equateur, Kasai, Katanga, Kinshasa, Kongo Central, Nord Kivu, Sud Kivu, and Province Oriental).
The study highlights, for example, the priority that Congolese give to the different classes of expenses regularly incurred. According to the survey results, the majority of Congolese (51%) are willing to review their spending mainly in the areas of clothing (25%), telephone, internet, cable/Netflix subscription (18%), as well as food (18%) to maintain a balanced income management. The Congolese place food at the top of the list of priority expenditures in this time of crisis (54%), followed by telephone, internet, cable/Netflix charges (22%), and health (8%).
Of the eight (8) regions surveyed, seven (7) favor reducing expenditures, except in Kasai, where 48% prefer not to change anything, and 35% choose to reduce some expenditures.
Other metrics are presented in the survey results, such as the breakdown by gender, age group, type of adjustment (deferral, reduction, foregone), and the expenditures indicated most likely to be reviewed.
The study results were presented during a webinar on Friday, October 28, 2022, by Serge Mumbu (CEO) and Jehovela Ndombele (Data Analyst). The entire meeting is available through the link below: https://www.linkedin.com/feed/update/urn:li:activity:6991782547613491201
From July 2021 to July 2022, the price of the food basket in the DRC increased by 26%, according to the July 2022 World Food Programme (WFP) newsletter. And according to the World Bank, other commodities have also experienced a price increase during the same period as a result of several factors, including geopolitical conflicts (war in Ukraine), the resurgence of the Covid-19 pandemic, and other local factors such as poor harvests in the provinces of Kivu and the increase in the price of fuel.
Tuesday, November 1, 2022 - 14:22