Progressive inflation rate

The end of 2021 clearly shows that the progressing inflation both in Poland and the entire European Union has become a real threat. From month to month the indicator shows faster and faster loss of value for money, which is mainly caused by the increase in fuel and energy prices. This is not optimistic news, especially because at the end of the year is the period when Poles spend the most money.

Inflation in Poland

Unfortunately, the number 6 is not only something that will be seen at petrol stations, but will also refer to the economic situation in our country. September’s inflation rate of 5.9% will be exceeded, and according to experts, the forecasts predict inflation at the level of as much as 6.5% at the end of October, and may reach 7% by the end of the year. Our internal problem is not only fuel prices, but also the recent interest rate hike, which may not be the last one this year. The forecasts are ready, which assume that they will be raised by another 0.25%, to the value of 0.75%, when inflation approaches the assumed 7% threshold. Another blow to the value of the zloty will certainly be the increase in the minimum wage, which will take place in January 2022 and will amount to PLN 3010 gross, and it will be PLN 210 gross more than before.

Inflation in Europe

Our country is not alone in this matter, because the problem actually affects the whole of Europe. The Eurozone exceeded forecasts and the Consumer Price Index (CPI) was 3.4% (0.1% more than expected). Currently, the entire Union is working to create appropriate solutions that will be able to stop this situation.