Polish companies look for opportunities abroad to escape from rising production costs

According to the new data from the Central Statistical Office (GUS), inflation in November amounted to 7.7 percent. This result has not been recorded for 21 years. Other European economies are also plagued by price increases. In October, prices across the EU were 4.4 percent higher y/y, which is the highest reading since at least 1997, when Eurostat started reporting inflation data.