16:06 12 July 2024
Poland Braces for Inflation Surge: No Doubts Left
Poland is gearing up for a significant inflation surge, confirmed by the latest data. The Future Inflation Index (WPI), calculated by the Bureau for Investments and Economic Cycles (BIEC), has risen for the third consecutive month, reaching 83.6 points in July, up by 0.6 points from the previous month. This indicates a forthcoming inflation spike driven by rising business costs, particularly labor and import expenses.
While consumer inflation expectations have slightly decreased, many companies, especially in the paper and leather industries, plan to raise prices due to mounting operational costs. BIEC warns that ongoing energy costs and a weakening zloty could further pressure consumer prices, exacerbating inflation.
Experts suggest that despite some consumer optimism, the broader economic indicators point to persistent inflationary trends, with businesses struggling to absorb rising costs without passing them on to consumers.
(bizblog)
