Double-digit inflation figures surprised everyone but is not cause for concern

Year-to-year May inflation increased to 10% and was 0.1% worse than the worst forecasts. "It is possible now that inflation may reach 10.5% in June and stay over 10% until September and the forecasts of 5.2% and 6.8% annual inflation will not be met," said director of the Government Centre for Strategic Studies Tadeusz Chroscicki. Standard and Poor's analyst Monika Kubik-Kwiatkowska said, "The situation is not that pessimistic even if the market reacts negatively because of different inflation expectations." The price of food and soft drinks increased in May by 0.4%. Phone and gas prices remained stable. (Prawo i Gospodarka, page 1, 2) M.M.