Economy
22:24 16 March 2022
Post by: WBJ

Prices up by 10% y/y on average in II

Prices up by 10% y/y on average in II
Source: Infometrics

A cyclical report on the price index by UCE RESEARCH and Hiper-Com Poland indicates that in February 2022 it was more expensive in stores by an average of 10 percent compared to the corresponding period of 2021. Out of 12 surveyed categories, 10 increased in price, and 2 became cheaper (stimulants and drinks).

"On an annual basis, February was better than January. A month earlier, increases in stores reached 17.6 percent y/y. And then all of the 12 categories analyzed were higher. Now the trend is slightly reversing, which may result from a reduction in VAT on food. However, in my opinion, these are only appearances. I would see the real reason in preparing retail chains for a tax change, as the media widely reported that stores were raising prices in mid-January and then leaving them. In fact, they did not have the space to apply such visible reductions to consumers," Dr. Krzysztof Łuczak, co-author of the study from the BLIX Group, said.

The collected data also shows that in February of this year the prices of fat products went up as much as 66.9 percent. It is especially visible in the case of oil, which increased by 90.2 percent. In turn, the prices of baking margarine increased by 40.3 percent, and butter – by 36.1 percent.

(WBJ)


inflation
prices
stores
uce research
hiper-com poland
blix group
dr krzysztof łuczak

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