Economy
19:47 31 October 2021
Post by: WBJ

Inflation hits a record 6.8% in October

Inflation hits a record 6.8% in October
Source: Photo by Marco Verch Professional Photographer on Flickr

The price increase accelerated to a record 6.8 percent, according to the preliminary data of the Central Statistical Office (GUS). Economists have no doubts: there will be another interest rate hike in November.

Traditionally, at the end of the month, the GUS gives a signal reading of inflation, and in the middle of the next month, it shows exact statistics on how much more individual product groups, such as food, energy, transport, or services, increased.

The most expensive items will be shown in mid-November. For now, it is known that the prices of food increased by 4.9 percent, energy by 10.2 percent, and fuel by 33.9 percent. Economists believe that it will be even more expensive in the coming months.

"In November, we will probably see a level of 7 percent, and at the end of December, a level of over 7 percent. This year's inflation is likely to average 4.9 percent, and next year will exceed 5.5 percent," Monika Kurtek, an economist at Bank Pocztowy, said.

Also, the Polish Economic Institute – a government analytical center – estimates that in December the price increase will exceed 7 percent, and next year inflation will be only slightly lower.

(Gazeta.pl


inflation
gus
pie
bank pocztowy
monika kurtek

More News

lifestyle

LifeStyle
2 months ago

'We work hard, we achieved what we have on our own, we are strong women, and we have our voice': Joanna Krupa

LifeStyle
2 months ago

Magdalena Lamparska: 'Viewers have come to enjoy watching movies at home'

LifeStyle
2 months ago

8th edition of the 4 Design Days in Katowice 25–28 January Everlasting design. Timeless architecture.

LifeStyle
2 months ago

Children's birth completely changed my perception of the world: actress Zuzanna Grabowska

Book of Lists

Book of Lists
3 years ago

The largest Polish companies under the Book of Lists microscope! Book of Lists 2020/2021 certificates have been awarded.

Book of Lists
3 years ago

25th jubilee edition of Book of Lists – project start