Inflation turned 500 plus into 420 plus

As Paweł Majtkowski, an analyst of eToro markets in Poland noted, the 500 plus service is worth less than PLN 420 at the prices from April 2016, the moment the program started. 

"We forecast that due to high inflation in the autumn of next year, 500 plus will turn into 400 plus," Paweł Majtkowski stressed.

The official CPI inflation published by the Central Statistical Office (GUS) is an average basket of consumer goods. However, there are products that have increased more than inflation. For example, 95 gasoline cost PLN 4.30 / l at gas stations in April 2016, currently the price is PLN 6 / l (39 percent more). For the 500 plus benefit paid in April 2016, it was possible to buy 116 liters of such gasoline, while today it is only 83 liters.

eToro was founded in 2007 with the aim of globally opening up investment markets for everyone to trade and invest in a simple and transparent way. The eToro platform enables people to invest in assets of their choice, ranging from stocks and cryptocurrency commodities. It represents a global community of over 24 million registered users.

(WBJ)