The Central Statistical Bureau published inflation data for August. A quick estimate showed 16.1 percent.
Consumer inflation amounted to 16.1 percent. year-on-year in August 2022, the Chief Statistical Office said. Compared to the previous month, prices for goods and services increased by 0.8%.
“Prices for consumer goods and services in August 2022 increased by 16.1 percent compared to the same month last year. (with an increase in prices for goods - by 17.5% and services - by 11.8%). Compared to the previous month, prices for goods and services increased by 0.8 percent. (including goods - by 0.8 percent and services - by 0.7 percent),” read the press release.
Inflation up. Apartments, food and transport have risen in price the most
Compared to the same month of the previous year, higher prices for housing (by 23.9%), food (by 18.1%), transport (by 19.5%), restaurants and hotels (by 16.7%) , recreation and culture (by 12.6%) increased this indicator by 5.97 p.p., 4.35 p.p., 1.9 p.p. and 0.8 p.p. respectively. and 0.78 percentage points
In August of this year. Compared to the previous month, higher prices for housing (up 2.4%) and food (up 1.6%) had the greatest impact on the consumer price index as a whole, increasing the index by 0.62 percentage points. respectively. and 0.4 percentage points The decrease in prices for transport (by 5.1%) and clothing and footwear (by 0.5%) reduced the index by 0.54 percentage points. respectively. and 0.02 percentage points, the Central Bureau of Statistics (GUS) said.
A quick estimate showed 16.1 percent.
According to the operational assessment of the Central Statistical Bureau (CSB), consumer inflation in August amounted to 16.1 percent. “Prices for consumer goods and services, according to a rapid assessment, in August 2022 increased by 16.1 percent compared to the same month last year. (price index 116.1), and compared to the previous month they increased by 0.8 percent. (price index 100.8) ”- we could read in the message of the office dated August 31.
Interestingly, the Central Statistical Bureau’s quick valuation definitely exceeded market expectations. The consensus was 15.4 percent. Such a large discrepancy between the expectations of economists and the data of the Central Statistical Office is extremely rare.
Inflationary growth continues
Inflation in Poland has risen almost continuously since June 2021. The only exception was February 2022, when the government introduced two anti-inflationary shields. The first of them (before Christmas in December 2021), abolished, in particular, the excise tax on fuel. The second, much more significant, is the reduction of VAT rates on food, fuel and energy. This had a vivid but temporary reflection in the statistics of the Central Statistical Bureau. However, the growth has been continuous since February, and we record a higher inflation rate every month.
Source: Wprost
