Food prices predicted to rise by 4% in Q4

In the fourth quarter of this year, food prices in Poland are to increase by around 4 percent, the Institute of Agricultural Economics and Food Economics has announced in a monthly report. "It can be expected that the level of domestic prices for basic agricultural products (cereals, milk, pigs, bovine animals, fruits) will be higher than a year ago, the increase in the prices of agri-food products on world markets, favorable export trends and the recovery of domestic demand will be sustained. The dynamics of food retail prices in the fourth quarter of this year will be about 4 percent in annual terms," the report said. The Institute says that at the end of the year one can expect a slowdown in the upward trend in prices of meat and dairy products.