Panic among consumers needs to be curbed

Experts' opinions are divided on the impact of the war waged against our eastern neighbors on food prices in Poland. Due to fluctuations in exchange rates and uncertainty in the markets, food will become more expensive. Increases in stores may also be supported by the rising cost of transport, due to fuel rising. At the same time, experts in the subject see the possibility of stabilizing prices due to increased demand caused by the growing number of people staying in our country. The turnover of stores will grow rapidly. Experts also argue that we will not run out of goods, because the Polish market is overproductive and has little connection with Russia and Ukraine. On the other hand, retail chains should absolutely inform about it and reassure their customers so that there is no panic.

According to Dr. Krzysztof Łuczak from the BLIX Group, food prices in stores may go up in the coming weeks, e.g. by uncertainty in the markets and fluctuations in exchange rates caused by the armed conflict. 

"The multitude of influencing factors and their high dynamics require a cautious approach to forecasting future events, including the development of food prices in Poland. The situation will depend on the intensity and duration of the war's impact on our economy," Dr. Urszula Kłosiewicz-Górecka from the Economic Foresight Team at the Polish Economic Institute, said.

(WBJ)