Inflation in Poland is taking its toll more and more. As we read in the latest edition of “Rzeczpospolita”, goods, services, medical care and even concerts are becoming more expensive. The increase in prices, which is particularly acute, is also noticeable in the food market.
Inflation in Poland. Food prices are up sharply
“Rzeczpospolita” used the data of the government’s Integrated Agricultural Market Information System. “It turned out that wholesale rapeseed oil increased by nearly 70 percent between October 11, 2020 and October 10, 2021. From October 10 to October 17, 2021, its price went up by another 17 percent.” – Posted in the Thursday edition.
“Cereals also rose in double-digit numbers, followed by flour. This, of course, affects the prices of bread. The prices of dairy products went up. Only in the aforementioned week, between 10 and 17 October, prices went up by more than 6%. Cheeses and powdered milk also go up. “- we read in Rzeczpospolita.
It was noted that “today it is difficult to find products on the food market whose prices have not increased”. “Only pork and poultry prices fell in September,” it was recalled. “The latter, compared to August, because compared to September last year, they were higher by nearly 23 percent.” – explained.
It was recalled that “food is becoming more expensive all over the world”. “The Food and Agriculture Organization of the United Nations (FAO) index of world food prices reached 130 points in September, thus reaching the highest level since September 2011.” – assessed.
Inflation in Poland. The reasons
– It’s an unfortunate coincidence. It is worth noting that a significant part of the observed price increase is the result of unfavorable agrometeorological conditions in various regions of the world, significant from the point of view of global food production, commented Jakub Olipra, economist and agri-food market expert at Credit Agricole Polska for Rzeczpospolita.
– In addition, fuel, gas and electricity are becoming more expensive, which raises the costs of transport and production. The wage pressure is also growing, he assessed. “In this situation, food companies have no choice but to save their profitability, they are trying to pass the higher costs on to consumers,” explained Olipra.
The article notes that “according to a study by Grand Thornton, which Rz” describes as the first, as many as 71 percent of Polish companies plan to increase the prices of goods and services in the next 12 months “. “This is twice as much as in previous years” – underlined.
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