Poland is one of the European countries with the highest inflation. The latest GUS data show that prices are still rising, and in September this process became even more intense. What is the most expensive?
Inflation in Polish
In September, prices of consumer goods and services were 0.2 percent on average. higher than in August. At least this is the result of the latest data from the Central Statistical Office (GUS). The matter looks worse if we look at it more broadly – on a yearly basis. It turns out that in the same month in 2019, prices were already 3.2 percent lower.
Interestingly, after the previous two months, when inflation first fell from 3.3%. to 3%, and then to 2.9%, many could say that the worst was behind us. Now we know, however, that prices continue to rise and will probably continue to rise until the end of the year.
If, on the other hand, the NBP authorities dreamed of permanently reducing inflation to the level of their inflation target, they will most likely face a big disappointment. Although the inflation index remains in the upper range accepted by the NBP, it remains one of the highest in the European Union and its further breakout to higher levels cannot be ruled out.
In September 2020 #prices compared to August 2019, consumer goods and services increased by 3.2% (price index 103.2) and increased by 0.2% (price index 100.2) compared to August 2020. https://t.co/fTUcqzPKgt#GUS #CPI #Price index #statistics pic.twitter.com/oDorupO7vO
– GUS (@GUS_STAT) October 15, 2020
Expectations and reality
The Future Inflation Index (WPI), which forecasts changes in prices of goods and services in advance, remained stable in October, the Bureau of Investments and Economic Cycles reported. Apparently, fear of a pandemic makes it impossible to raise prices – we wrote yesterday.
The new data from the Central Statistical Office show that the future of the zloty will not necessarily be painted in pink shades.
What is the most expensive today? Here is a list of products and services for which we pay more and more:
- rice, the prices of which increased by 7.7 percent.
- flour, which became more expensive by 6.4 percent.
- bread, the prices of which jumped by 8.4 percent.
- cold cuts, the prices of which increased by 7.6 percent.
- milk, which costs 6.7 percent. more
- fruit, the prices of which increased by 13.5 percent.
- garbage collection has increased by 50.4 percent.
- electricity, the prices of which increased by 11.7 percent
- medical services that increased by 9 percent
- dental services, the prices of which increased by 13.8 percent
- financial services, whose prices increased by 40.4%