Eurostat released data. Only three countries can “boast” higher inflation than ours

Poland with 7.4 percent ranked fourth in the survey of inflation levels in countries, it said on Friday. She achieved the same result. Both countries were only ahead of: – with the highest inflation, at 9.3 percent, Estonia – 8.6 percent, and Hungary – 7.5 percent. Average inflation in November was 5.2% y / y, and in the euro area itself – 4.9%.

The slowest increase in prices was recorded in Malta (2.4%), Portugal (2.6%), as well as in France (3.4%) and Finland (with a slightly higher result – 3.5%). You can find the full chart in the gallery for this article.

The biggest impact on the rise in inflation in Europe is the increasingly expensive energy, the prices of which in November 2021 were as much as 27.5 percent. higher than last year – the report shows.

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GUS: Inflation in Poland at 7.8% Economists: 8 percent nearer and nearer

On Wednesday, the Central Statistical Office announced that inflation in Poland in November 2021 was as high as 7.8 percent. Economists Alicja Defratyka and Sławomir Dudek said on Twitter how much the prices of necessary products and services have increased over the year. For example, fuel prices went up by 36.6 percent. (including gas by over 53%), waste disposal by almost 17%, gas by 17.5%, fuel by over 37%, electricity by 9.5%, poultry by 23.7% %, bread by over 12%, oils and fats – almost 16%, and sugar – over 19%.

“BOOM – inflation is getting closer to 8 percent.” – commented Eurostat data, chief economist of the FOR Foundation, Dr. Sławomir Dudek. “If you spend a lot on gas, fuel, poultry, vegetable fats, butter, bread, your inflation is over 10%.” – added the expert.

2021 a year marked by inflation? Then wait for 2022. “It’s gonna be a difficult year”

Meanwhile, on December 15, the Central Statistical Office announced that inflation in November amounted to 7.8 percent. (GUS counts it slightly differently than Eurostat) Two weeks ago in the so-called Respectfully, he gave a symbolically lower reading – 7.7 percent. Detailed data from the Central Statistical Office of Poland indicate that almost everything is more expensive. Of course, you can distinguish, among others fuel, energy or food prices, but in fact, from among several dozen categories of products and services, you can count on the fingers of one hand those that are cheaper than last year.

Economists usually agree that an even higher reading – probably above 8 percent. – we will see in December this year. In the first months of 2022, the price growth rate is to be slightly cut – although probably to a maximum of approx. 6-6.5 percent. – due to the operation of the anti-inflation shield. More about what inflation could be in 2022 in the article below: