Real inflation exceeds 30%, not 17%

Everyone's inflation is different – for some, it's obvious, for others it's a revelation. It all depends on whether you are rich or poor, or to put it another way, what you spend your money on. The poorer you are, the higher your inflation rate is likely to be and it can easily exceed 30 percent.

When you are a statistical Pole, i.e. you earn the national average, which in July was PLN 6,583 gross, i.e. some PLN 4,800 net, you may be spending money on all those things that the GUS counts in the basket. But this national average only applies to about 40 percent of workers, because it is counted for businesses. And the rest? After all, we have over 2 million people earning the minimum wage, currently PLN 3,010 gross (PLN 2,363 net). With this money, you cannot buy yourself a new pair of shoes every month, because it is only enough for food and bills.

A recent study by M/platform showed that the grocery shopping basket in small shops increased by 38 percent in August. This would mean that the inflation of such a senior citizen, who only pays for his or her accommodation and shops in a small neighborhood shop, reaches almost 33 percent.

This is why economists have been saying for months that inflation is hitting the poorest the hardest – they are feeling it well above that already shocking 17.2 percent. 

(bizblog)