Prices in retail stores increased on average by 24.1% y / y in September after increasing by 23.7% y / y in August and by 18.6% y / y in July, results from the cyclical of the report “Price index in retail stores” by UCE Research and WSB Universities. Each of the 12 analyzed categories grew more expensive, and 11 recorded double-digit increases.
“The current dynamics of price growth is conditioned by a package of overlapping pro-inflationary factors. We are dealing mainly with supply inflation, caused by imbalances in the markets of raw materials and semi-finished products. In turn, restrictions in the availability of products, increases in wages and taxes, and a sharp increase in energy costs. they contribute to the constantly growing cost inflation. Moreover, the weak zloty exchange rate causes imported inflation. In addition, there are also two types of inflation, i.e. monetary, i.e. the creation of money without cover, and budget, resulting from excessive non-investment expenditures in relation to real incomes,” said economist Edyta Wojtyla from the WSB University in Poznań.
Analysts from UCE Research emphasize that out of 12 monitored categories, all prices increased y / y – from 8.5% to 57.4%. This is the case once again in a row, but in August each analyzed category recorded a double-digit jump, and recently it concerned 11 product groups.
The collected data also shows that in September, as in previous months, the prices of fat products increased the most – by 57.4% y / y. In this category, the price of oil increased the most – by 61.6%. The next high increases concerned margarine – 60.1%, and also butter – 50.4%. On the second place of the list showing the largest price increases y / y are loose products with an average increase of 43.6% y / y. Among them, the price of sugar increased the most – by 100%. Salt and pasta were marked by further high increases in prices. They were respectively 37.8% and 37.3% y / y. In turn, flour went up by 23%, and rice went up by 19.7%. The top three most expensive categories also includes meat with an increase of 38% y / y. Within this category, strong double-digit increases can be seen once again. The price of poultry increased by 48.5%. Beef rose by 38.2%. Pork, on the other hand, jumped by 27.2%.
The so-called other products that went up by 37.4% y / y. Among them, cat food went up the most – by 46.2%, and dog food – by 45.8%. In turn, the price of diapers for babies increased by 20.4% y / y. The fifth position in the ranking was taken by dairy products with an average increase of 28.6%. In this category, the price of milk increased the most, by 37.5%. Cheese prices went up next. Yellow went up by 34.3%, and white – by 32.2%. In turn, the prices of fruit and vegetables were the lowest – by 8.5% and 11% y / y, respectively. Before them in the table there is an average rise of 14.8% y / y.
In total, nearly 40,000 retail prices from over 40,000 stores belonging to 64 retail chains. The study included all discount retailers, hypermarkets, supermarkets, convenience stores, and cash & carry chains that cater to the bulk of Polish customers.
Source: UCE, WSB and ISBnews
