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Tuesday, November 30, 2021

Inflation in Poland. Building materials prices up

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The prices of building materials in October 2021 compared to October 2020 increased by an average of 20.5 percent – PSB Handel Group announced on Wednesday. OSB boards went up the most, and the least – cement and lime.

It was written that price increases were recorded in all 20 product groups.

Building materials prices up

And so in October the OSB board went up 101 percent. year on year, thermal insulation by 54 percent, dry construction by 41 percent, and products in the roofs and gutters segment by 19 percent.

There were also increases in products in the group surrounding the house (+18%), installations, heating (+16%), waterproofing (+15%), walls, chimneys (+14%), woodwork (+13%). ), lighting, electrics (+12%), garden and hobbies (+12%), tools (+12%), tiles, bathrooms, kitchens (+12%), finishes (+11%), construction chemicals (+9%), paints, varnishes (+8%), equipment, household appliances (+8%), automotive (+7%), decorations (+7%) and cement, lime (+ 6 percent).

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It has been calculated that prices in the period of September 2021, compared to the same period of 2020, increased by an average of 10.6%.

Increases were recorded in 20 groups: OSB boards (+55%), thermal insulation (+28%), dry construction (+27%), roofs, gutters (+13%), installations, heating (+11%) ), lighting, electrics (+9%), tools (+7%), waterproofing (+7%), garden and hobby (+7%), finishing (+6%), woodwork ( +6%), home surroundings (+6%), tiles, bathrooms, kitchens (+6%), automotive (+5%), equipment, household appliances (+5%), construction chemicals (+5%) %), cement, lime (+5%), paints, varnishes (+4%), decorations (+3%) and walls, chimneys (+1%).

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Inflation in Poland – October 2021

According to a quick estimate of the Central Statistical Office inflation in Poland reached 6.8 percent in October. and is the highest in 20 years.

Inflation in PolandPAP

The Monetary Policy Council has recently raised interest rates – the reference rate was raised by 75 points. baselines, up to 1.25 percent. The lombard rate increased by 75 points. baselines, up to 1.75 percent. The deposit rate was also increased by 75 points. base and amounts to 0.75 percent. The rediscount rate was set at 1.3% and the discount rate at 1.35%.

This is the second interest rate hike in recent times; the earlier hike was 40 points. baseline.

Main photo source: Shutterstock



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