The latest report presenting the scale of retail price changes shows that in May this year, the most significant y/y price rises occurred in Opolskie voivodship – by 18.9 percent, in Łódź – by 18.4 percent, and in Wielkopolskie voivodeship – by 18.1 percent. The minor increases were in Podkarpackie – 13.8 percent, Podlaskie – 16.1 percent, and Świętokrzyskie – 16.5 percent. The difference between the largest and the weakest growth was 5.1 percent. In the economically highly developed voivodeships, i.e., Mazowieckie, Dolnośląskie, and Śląskie, prices increased by 16.7 percent y/y on average, i.e., by as much as in the whole country.

"The price market in the Opolskie Voivodeship is specific, as many people from here work in Germany or other EU countries. This translates into very high price rises because the wallets of Opole families are much richer than residents of other provinces. Opole residents always spend more than, for example, residents of Podkarpackie or Małopolskie. On the other hand, in the Łódź and Wielkopolskie voivodeships, price increases in the previous months were slower than in other parts of Poland, which is why they have accelerated the fastest lately," Dr. Rafał Parvi from the University of Banking in Opole explained.

"The growth rate now appears to be lower in the economically highly developed provinces, where the May 2021 base price was higher. Important factors are the high level of urbanization and a large number of supermarkets and hypermarkets. The competitiveness and saturation of the market with stores allows large suppliers, well organized in terms of purchases and deliveries, to make their pricing policy more flexible," Edyta Wojtyła of WSB in Poznan added.

(MondayNews)