According to the national cyclical analysis of retail prices by UCE Research and WSB Universities, This is another consecutive month in which all products have risen in price for the 12 categories analyzed, and in all cases the jump has been double-digit. “The lowest increase was more than 14% and the highest was 50%. This could mean that the dynamics of price growth will not slow down for long” – they assessed.
According to Dr Agnieszka Gawlik of the WSB in Opole, the tallest This year we will see price increases in December due to increased demand in the pre-holiday season. “This year, the Polish inflation expectations will be of further importance. Some households will allocate savings, which in real terms are devaluing their value, for purchases that have been postponed earlier. Such decisions will be very justified” – he admitted.
As Dr Justyna Rybacka of the University of Gdynia Banking added, taking into account the increase in inflation since the beginning of 2022, we should expect an extremely expensive Christmas to come. “We can expect price increases, especially for products such as fish, meat, flour, oils, and therefore products needed to prepare Christmas and holiday dishes,” he noted.
Everything is more expensive. What at most?
The October analysis shows that, once again, the prices of fatty products have become the most expensive. On average, it was 48.8 percent for the entire category. y / y, of which the price of oil rose the most, by 53.6%. According to experts, however, this is a smaller increase than in September (by 61.6%) and in August of 73.2%.
The second place in the ranking of the highest prices is occupied by bulk products with an average increase of 37.3%. yes. In this group, sugar rose the most, with the yoy price rising 50.4%. According to the authors of the analysis, another sharp jump in sugar prices is the result of an increase in fertilizer prices, as well as the costs of fuel, transport and processing activities.
Meat closes the podium of the most expensive products with a result of 31.7 percent. increases There are still large double-digit increases in this category. Poultry prices increased the most: by 38.7%, beef by 29.5% and pork by 26.7%. “The prices of meat and other animal products are growing dynamically due to sharp increases in production costs, and there is also a limited supply, which is still a consequence of the pandemic” – explained Gawlik.
According to the analysis, the prices of dairy products in stores in October increased by an average of 30%. “Rising prices for dairy products are the result of rising costs of raising livestock. Farmers are paying for them because of the more expensive fodder. In addition, there are increasingly higher tariffs for electricity, which is needed. for the production of dairy products. And this has a direct impact on the final price of dairy products and meat “- noted the WSB expert
