Prices keep going up: In the last month of 2024 everyday purchases increased by 5.6% year on year (y/y).which is only slightly more than in November or October – by 5.5%, respectively. and 5.4 percent – according to the report “Price Index in Retail Stores” by UCE Research and the WSB Merito University. The data shows that each of the monitored categories has increased in price – from 0.2 percent to 10.3% y/y.
Chemistry is growing the most: This time the largest increase y/y. passed household chemistry, because by as much as 10.3 percent…Fatty products also appear in the TOP5 of high-priced foods (butter, margarine, oil, etc.) with an increase y/y. at the level of 8.8 percent, vegetables – 8.6 percent, sweets and desserts – 8.4 percent, and fruit – 8.2 percent,” analysts say. In turn, least y/y have become more expensive pet food, loose products and personal hygiene products: 0.2%, 0.3%. and 0.4 percent
Prices are rising, but only slightly: – Prices are rising for another month in a row, but very slightly. And this is consistent with the general inflation trend. It has a major impact on the slowdown in growth dynamics decline in consumer demandwhat they reflect poor data on retail sales in Poland – comments Dr. Tomasz Kopyściański from WSB Merito University. Analysts estimate that December price increase The retail chains themselves have also slowed down, because they only sell certain products significantly reduced margins. They also added more discount campaigns.
Why household chemicals? This time, household chemicals were at the peak of prices. In November, it was in one of the last positions with a 0.6% increase. rdr. For comparison, in October it went up y/y. by 1.2 percent, and in September by 4.9 percent. – Before Christmas sale of household chemicals increases by several dozen percent. Traders take advantage of this situationto increase profits. Moreover, it translates into pay rises increase in electricity and gas prices – explains Sławomir Jankiewicz, prof. WSB Merito University.
See also: Egg prices also went up. More on this subject in the text entitled “Egg prices are up significantly. What is happening? Two reasons have been identified”.
Source: UCE Research.