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Inflation in Poland. The Central Statistical Office updated the inflation basket. Ewa Adach-Stankiewicz, director of the Department of Trade and Services of the Central Statistical Office comments

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The Central Statistical Office (GUS) updated the inflation basket for 2023. – This year, in addition to verifying whether a given product is on the market or simply disappears from it, we paid special attention to the weight of the goods, the qualitative composition and even the manufacturer, because such qualitative changes also reflect a change in price – she said in an interview with TVN24 Ewa Adach-Stankiewicz, director of the Department of Trade and Services of the Central Statistical Office. Such verification is to allow for taking into account the processes related to the so-called “skimpflation” or “shrinkflation”, i.e. reducing the weight and volume of products. In Polish this phenomenon is called “contraction”.

The Central Statistical Office (GUS), as in previous years, in February this year. updated the inflation basket for 2023. – First, we verified the expenses that households incur in connection with the purchase of basic consumer goods and services. On the other hand, guided by the scale of these expenses, we adjusted the list of goods and services whose prices are observed in monthly cycles – explained Ewa Adach-Stankiewicz, director of the Department of Trade and Services of the Central Statistical Office, in an interview with TVN24.

The Central Statistical Office updated the shopping cart

The Office announced in a communiqué that as a result of updating the weighting system used in the calculations of the consumer price index, “the share of expenses in the field of food and non-alcoholic beverages, transport, restaurants and hotels, as well as the use of a flat or house and energy carriers increased. on the other hand, the share of expenses in the field of alcoholic beverages and tobacco products, home furnishings and running a household, as well as communication, is increasing. The weights remain constant throughout the calendar year.

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In addition, the Central Statistical Office will also update the list of representatives, i.e. the list of goods and services whose prices are subject to observation, in accordance with changes taking place on the market. This means that as a result of verification, new goods and services are introduced and those that have lost their representativeness or disappeared from the market are eliminated.

– Our observations show that, for example, the scope of services such as care and cosmetic services needed to be verified, we added a number of medical services related mainly to diagnostics, and services related to recreation. However, our research shows that consumers spend less, for example, on services such as repair of furniture or sports equipment – indicated Ewa Adach-Stankiewicz.

The Central Statistical Office updated the inflation basket. The whole conversation with Ewa Adach-StankiewiczTVN24

Product shrinkage

She added that special attention was paid to the specification of basic quality characteristics, such as weight, raw material composition, brand, type, model or manufacturer of a given product. – This year, in addition to verifying whether a given product is on the market or simply disappears from it, we paid special attention to the weight of the goods, the qualitative composition and even the manufacturer, because such qualitative changes also reflect a price change – she emphasized director of the Department of Trade and Services of the Central Statistical Office.

According to the office, such verification allows for taking into account the processes related to the so-called skimpflation or shrinkflation. The terms were created from the combination of two English words “skimpy”, meaning stingy or “shrink”, meaning to reduce and the word “inflation”, meaning inflation. This is a phenomenon as a result of which we observe an increased frequency of changes on the market regarding the size of packaging, as well as the composition or other characteristics of the products included in the study, e.g. in the food and beverage categories.

– Such changes are necessary to show how the purchasing pattern is currently shaped, but it also allows you to compare the price change itself over the periods, because the same purchasing pattern that we will use this year is related to the same pattern from the previous year – said Adach -Stankiewicz.

How are prices checked?

Pollsters, but also retail chains, help in the study of changes in the prices of consumer goods and services by the Central Statistical Office.

– When it comes to selecting the list of goods, we follow what is available in stores, while when it comes to the price information itself, we collect it in a traditional way, sending interviewers to retail outlets that are popular and frequented in a given region. For several years, we have also been implementing information that we directly download from the IT systems of retail chains. By sending us such information, retail chains immediately include in them the prices of those products that were actually sold in a given month – pointed out the director of the Department of Trade and Services of the Central Statistical Office.

– In addition, because e-commerce is becoming more and more popular, we search the internet for the prices of those products that are most often bought online – she added.

Inflation in Poland – February 2023

The Central Statistical Office (GUS) announced on Wednesday that inflation in February this year increased to 18.4 percent. Every year. The last time inflation exceeded the 18 percent mark on an annualized basis was in December 1996, when it was 18.5 percent.

In turn, the National Bank of Poland announced on Thursday that core inflation – excluding food and energy prices – in February 2023 amounted to 12 percentcounting from year to year. By comparison, in January the rate was 11.7 percent.

Main photo source: Shutterstock



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