The Future Inflation Index up by 1.3 pts in November

As announced by the Investment and Economic Cycles Bureau (BIEC), the Future Inflation Index (WPI) in November 2021 increased by 1.3 points compared to the previous month's value and amounted to 87.6 points. It added that the indicator has been growing continuously for 16 months at an even pace, by about 1 point each month.

"So far, there are no signs of a slowdown in the inflation spiral, neither on the demand side nor on the supply side. Consumers, though they feel the price increase, fear their further increase, accelerate their purchasing decisions, especially in the case of durable consumer goods. Business representatives are constantly experiencing an increase in the costs of running businesses and expect them to increase further," BIEC reported.

It was indicated that currently only two of the eight components of the WPI are conducive to a possible slowdown in the rate of price growth, while the remaining components are strongly pro-inflationary.

(PAP)