The latest data on inflation in Poland in September are already available. Economists sound the alarm against the effects on the economy. It is worse than expected
The situation is not optimistic.
Although it was predicted that the holiday inflation spike would be the last one this year, the hopes of government experts proved to be in vain & ndash; the inflationary reading for September suggests that the decline in the purchasing power of money is definitely rising instead of gradually slowing down. Inflation accelerated sharply in September, as evidenced by a 17.2 percent increase in consumer prices compared to the same period in 2021.
This is the highest inflation rate since February 1997 year, that is for 25 years. What has traveled the most recently? These are energy carriers & ndash; fuel and food in the first place, so two elements necessary for a normal life.
The highest inflation in 25 years. The level of the decline in the purchasing power of money has even exceeded the expectations of economists. The situation is not optimistic for the coming months
As reported by & ldquo; Rzeczpospolita & rdquo; the inflation level even exceeded the expectations of the economists polled by the editors. It was expected that inflation was to begin to gradually slow down in the fall, and the inflation peak would fall on holiday in 2022. However, it did not happen, which means that concerns about the forecasts in the coming months are becoming more and more realistic. It was assumed that inflation in September would reach 16.5%, and the most extreme estimates were 17%.
CPI in relation to August increased by 1.6 percent. and this is the biggest increase since May, so it must be said that instead of slowing down, we have a rapid increase in the level of inflation. It is also influenced by a large decline in the value of the zloty on global stock exchanges and the strengthening of the dollar.
The most expensive energy sources, including gas, electricity and fuel & ndash; is an increase of 44.2 percent. compared to last year. Also more expensive food and non-alcoholic beverages & ndash; by 19.3 percent compared to September 2021 (in August it was 17.5 percent). Month-to-month prices increased by 1.7 percent.
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