Inflation in June has already exceeded 15 percent!
The latest data provided by the Central Statistical Office, which the Interia Biznes portal refers to, definitely does not give a reason to look positively into the future. It turns out that in June just ended the price increase averaged 15.6 percent compared to the same month last year.
As for the monthly increase, compared to May, the price increase was 1.5 percent. As it has been established, the main driving force behind the rising prices in stores, and thus the cost of maintenance, is the incredibly quickly expensive fuel. Many Poles wonder when the inflationary peak will occur and how high bills for basic food products we can expect in the coming weeks.
Inflation is rising at an alarming rate. Poles have less and less money left in their wallets. The price increase in June broke the record. What will happen in the near future?
Unfortunately, the forecasts of economists who predicted that the so-called the market consensus for June will be 15.5 percent and so it happened. In contrast, the prices of products and services increased by an average of 15.6 percent compared to June 2021.
Unfortunately, as revealed by the Central Statistical Office, the reason for such a state is the rapidly increasing fuel price, the price of which increased by 46.7 percent annually, and by as much as 9.4 percent monthly. In addition, there is an annual increase in energy prices of 35.3 percent, and 3 percent from month to month.
Unfortunately, inflation has been rising every month since March and this is a constant upward move, there is no even momentary stabilization.
– A repeat of March in terms of fuel price hikes is coming. In June, food prices increased more than the seasonal pattern, but less than in record months – explains Kamil Pastor, economist at PKO Bank Polski.
🇵🇱 Inflacja wzrosła do 15,6% (jak prognozowaliśmy). Piękno tego odczytu leży jednak w szczegółach. Inflacja bazowa wzrosła "tylko" w okolice 9,2%. To oznacza SOLINE SPOWOLNIENIE TEJ MIARY INFLACJI (okolice +0,8-0,9% m/m po odsezonowaniu).
— mBank Research (@mbank_research) July 1, 2022
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