Economic inflation In November it was 6.5%, which means prices are growing more slowly. However, this is poor consolation for thousands of consumers,
Who still have to tighten their belts and limit expenses in stores. A study by UCE RESEARCH and WSB Merito University shows that prices in stores in November rose by 6.7% year-on-year. However, there are products that have seen much higher increases.
These products become more expensive faster. A decline in inflation is not bad consolation before the holidays
The Retail Price Index clearly shows that prices are rising more slowly. Stores overall reported single-digit growth for the second straight month. This is also another month where there is a noticeable downward trend in the price growth rate.
– Political turmoil after the elections did not change the downward trend in the price growth rate. The reasons for this situation can be found primarily in the stability of the economic situation and limited consumer optimism towards the near future. An important role is also played by the fact that November is traditionally the month when stores fight for customers, using various kinds of promotions and sales campaigns. This is clearly reflected in the prices of the products, commented Dr. Artur Fix from WSB Merito University.
Analysts looked at prices in 17 product categories. 10 items saw single-digit price growth year-on-year, and 6 items saw double-digit price growth. Only one category saw a price decrease.
The top three places in the price ranking went to food additives (ketchup, mayonnaise, mustard, and spices), whose prices increased by an average of 21.3%. Dr. Joanna Wibrow from WSB Merito University explained that there are still problems in obtaining mustard – an important ingredient in mustard (previously imported from Ukraine).
Non-alcoholic drinks ranked second, with an average increase of 15.5%. Annually, which, according to the expert, is a result of increases in prices for fruit concentrates, for example, but also packaging, electricity, transportation and labour.
Household chemicals ranked third with an increase of 13.8%, which is also due to high production costs.
More places on the list of fastest-rising products are occupied by baby products and baking. Confectionery also saw double-digit price increases. Prices of personal hygiene products, stimulants, cold cuts and animal foods are rising at a slightly slower pace.
Finally, the analysts left some good news: the only category declining in the entire ranking is art. Fat decreased by 24.9%. RDR.
Source: ZET Radio/press materials
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