January to be another month with double-digit price increases in stores

The latest report titled "PRICE INDEX IN RETAIL SHOPS," authored by UCE RESEARCH and Banking Colleges, shows that out of the 17 categories monitored, all rose in double digits – from 10.8 percent to 27.9 percent. And that highest increase was recorded in dairy products. Eggs and milk became the most expensive, up 41.3 percent and 29.8 percent y/y, respectively. The above conclusions come from an analysis of offers from 37,000 stores and nearly 69,000 retail prices. In total, data on almost 100 daily necessities most frequently purchased by Poles were checked.

"The highest jump in dairy prices is due to rising production costs. These are due to increases in the cost of energy and heat consumption, as well as rising wages. In addition, manufacturers are seeing a decline in the profitability of production and sales of goods in this category, due to more expensive feed and a drop in global milk prices. In addition, they face an expensive transformation of production to meet the new conditions of EU agricultural policy. In adjusting to European standards, they lack the support of our government," Dr. Edyta Wojtyla of the Poznan School of Banking, explained.

(MondayNews)