Rising inflation not to be one-time impulse
23:53
In recent months, we have observed rising inflation. Experts warn that we should take into account the possibility of inflation remaining high until the end of the year. It seems that the changes taking place are not a momentary impulse. May is expected to be the peak month, with inflation at 5 percent. Later, it is expected to decline – but not much, and to stabilize at 4 percent annually. It's a lot. With inflation so high and sustained, we must prepare for serious economic consequences. It is mainly about the situation of households and the purchasing power of money. If inflation remains elevated for a longer time, we will more and more often be at the back of our heads to protect ourselves against this process. We will revalue costs in our business and home wallet decisions. This is the main reason why inflation is perpetuated at an elevated level.
"4 percent inflation is a level that can only be temporary and caused by an impulse. But we could talk about it earlier when these impulses appeared. However, if they appear permanently, it becomes a serious problem. Inflation is, above all, a very serious problem. This means a significant reduction in the purchasing value of wages and benefits. This translates into problems with subsistence," Piotr Soroczyński, chief economist of the Polish Chamber of Commerce, said.
"We have done a lot to improve the fate of households. At the moment, unfortunately, a large part of this improvement will be reversed. Increased inflation also means another problem related to the emergence of wage demands. We should do a lot to put the inflation out now," Soroczyński added.
